Purpose Unlimited Inc. Invests $1.67 Million in Stantec Inc. $STN

Purpose Unlimited Inc. acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,732 shares of the business services provider’s stock, valued at approximately $1,673,000.

A number of other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in Stantec by 1,148.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,174 shares of the business services provider’s stock worth $111,000 after buying an additional 1,080 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Stantec during the fourth quarter worth approximately $587,000. Invesco Ltd. raised its stake in shares of Stantec by 8.7% during the fourth quarter. Invesco Ltd. now owns 709,302 shares of the business services provider’s stock worth $66,930,000 after acquiring an additional 56,995 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Stantec by 128.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,808 shares of the business services provider’s stock worth $548,000 after acquiring an additional 3,268 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its holdings in shares of Stantec by 19.4% in the 4th quarter. Alberta Investment Management Corp now owns 591,000 shares of the business services provider’s stock worth $55,771,000 after acquiring an additional 96,100 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Down 0.1%

Shares of NYSE STN opened at $67.63 on Friday. The firm’s fifty day moving average is $80.86 and its 200 day moving average is $89.29. Stantec Inc. has a 52 week low of $67.14 and a 52 week high of $114.51. 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 company has a market cap of $7.71 billion, a price-to-earnings ratio of 21.68 and a beta of 0.98.

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

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Stantec’s dividend payout ratio is 22.44%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on STN shares. Royal Bank Of Canada upped their price objective on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings cut shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Company Profile

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.