Geode Capital Management LLC Grows Stock Holdings in Stantec Inc. $STN

Geode Capital Management LLC boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,058,720 shares of the business services provider’s stock after acquiring an additional 68,978 shares during the period. Geode Capital Management LLC’s holdings in Stantec were worth $100,355,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Stantec by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock valued at $468,622,000 after acquiring an additional 92,641 shares during the last quarter. Bank of Montreal Can increased its position in Stantec by 6.6% during the third quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock valued at $384,584,000 after acquiring an additional 219,733 shares during the last quarter. Alliancebernstein L.P. increased its position in Stantec by 0.8% during the third quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock valued at $374,680,000 after acquiring an additional 26,388 shares during the last quarter. Fiera Capital Corp increased its position in Stantec by 3.5% during the third quarter. Fiera Capital Corp now owns 2,469,545 shares of the business services provider’s stock valued at $266,236,000 after acquiring an additional 84,251 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Stantec by 126.0% during the fourth quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock valued at $88,066,000 after acquiring an additional 519,545 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Weiss Ratings cut shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada upped their price target on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Trading Down 1.9%

NYSE:STN opened at $73.87 on Friday. Stantec Inc. has a 52 week low of $72.46 and a 52 week high of $114.51. The firm has a 50 day moving average of $83.96 and a 200 day moving average of $91.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 23.68 and a beta of 0.98.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 19.37%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, sell-side analysts anticipate that Stantec Inc. will post 4.5 earnings per share for the current fiscal year.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Stantec’s dividend payout ratio is presently 22.44%.

About Stantec

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.