Latest news with #StantecInc
Yahoo
30-05-2025
- Business
- Yahoo
Stantec Announces Private Offering of $425 Million Senior Unsecured Notes
(All financial figures are expressed in Canadian dollars) EDMONTON, Alberta, May 30, 2025 (GLOBE NEWSWIRE) -- Stantec Inc. ('Stantec') (TSX, NYSE: STN), a global leader in sustainable engineering, architecture and environmental consulting announced that it has priced a private placement offering (the "Offering") of $425 million aggregate principal amount of 4.374% senior unsecured notes due June 10, 2032 (the "Notes"). The Offering is expected to close on or about June 10, 2025 subject to customary closing conditions. Stantec intends to use the net proceeds of the Offering to repay existing indebtedness and for general corporate purposes. The Notes will be issued at par for aggregate gross proceeds of $425 million and will bear interest at a fixed rate of 4.374% per annum, payable semi-annually on June 10 and December 10 of each year, commencing on December 10, 2025. The Notes will be direct senior unsecured obligations of Stantec and will rank pari passu with all of Stantec's existing and future senior unsecured indebtedness and senior in right of payment to any future subordinated indebtedness of Stantec. The Notes have been assigned a provisional rating of BBB, with a stable trend, by DBRS Limited (Morningstar DBRS), and are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. The Notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act). This news release shall not constitute an offer to sell or the solicitation of an offer to buy, any security, nor shall there be any offer to sell or a solicitation of an offer to buy the Notes in any jurisdiction where it is unlawful to do so. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements which include statements about the size and terms of the proposed Offering of Notes, the timing and completion of the Offering, the expected use of the net proceeds of the Offering and any other future events or developments described herein. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and factors including, without limitation: historical trends, current and future economic and financial conditions, and expected future developments. Stantec believes such assumptions and factors are reasonably accurate at the time of preparing this news release. However, forward-looking statements are not guarantees of future performance and are subject to inherent risks and uncertainties which could cause future results to differ materially from the forward-looking statements made in this news release. Such risks and uncertainties include, but are not limited to, the disclosure contained under the heading "Risk Factors" in Stantec's management discussion and analysis for the year ended December 31, 2024 (the "MD&A") and for the three months ended March 31, 2025 (the "Q1 MD&A"), and in Stantec's other continuous disclosure filings. The MD&A and Q1 MD&A are accessible online by visiting EDGAR on the SEC website at or by visiting the CSA website at or Stantec's website, There is a specific risk that the Offering described above may be delayed, cancelled, suspended or terminated. Any forward-looking statements are made as of the date hereof and, except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about the Offering referred to above and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes. Readers should not place undue reliance on forward-looking statements made in this news release, which are expressly qualified by this cautionary statement. About Stantec Stantec empowers clients, people, and communities to rise to the world's greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today's communities transcend geographic borders. At Stantec, community means everyone with an interest in the work that we do—from our project teams and industry colleagues to our clients and the people our work impacts. The diverse perspectives of our partners and interested parties drive us to think beyond what's previously been done on critical issues like climate change, digital transformation, and future-proofing our cities and infrastructure. We are designers, engineers, scientists, project managers, and strategic advisors. We innovate at the intersection of community, creativity, and client relationships to advance communities everywhere, so that together we can redefine what's possible. Stantec trades on the TSX and the NYSE under the symbol STN. For further information: Investor ContactJess NieukerkStantec Investor RelationsPh: (403)
Yahoo
06-05-2025
- Business
- Yahoo
What Is Stantec Inc.'s (TSE:STN) Share Price Doing?
Today we're going to take a look at the well-established Stantec Inc. (TSE:STN). The company's stock saw a double-digit share price rise of over 10% in the past couple of months on the TSX. The company's trading levels have approached the yearly peak, following the recent bounce in the share price. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let's take a look at Stantec's outlook and value based on the most recent financial data to see if the opportunity still exists. We check all companies for important risks. See what we found for Stantec in our free report. What's The Opportunity In Stantec? The stock seems fairly valued at the moment according to our valuation model. It's trading around 4.20% above our intrinsic value, which means if you buy Stantec today, you'd be paying a relatively reasonable price for it. And if you believe the company's true value is CA$121.47, then there isn't really any room for the share price grow beyond what it's currently trading. Furthermore, Stantec's low beta implies that the stock is less volatile than the wider market. See our latest analysis for Stantec What does the future of Stantec look like? TSX:STN Earnings and Revenue Growth May 6th 2025 Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 84% over the next couple of years, the future seems bright for Stantec. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. What This Means For You Are you a shareholder? STN's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value? Are you a potential investor? If you've been keeping tabs on STN, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
Yahoo
26-03-2025
- Business
- Yahoo
Stantec Inc. (TSE:STN) is favoured by institutional owners who hold 66% of the company
Given the large stake in the stock by institutions, Stantec's stock price might be vulnerable to their trading decisions The top 13 shareholders own 50% of the company Insiders have bought recently Every investor in Stantec Inc. (TSE:STN) should be aware of the most powerful shareholder groups. With 66% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. In the chart below, we zoom in on the different ownership groups of Stantec. View our latest analysis for Stantec Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Stantec. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Stantec's historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. It looks like hedge funds own 20% of Stantec shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Mackenzie Financial Corporation is currently the largest shareholder, with 20% of shares outstanding. For context, the second largest shareholder holds about 4.6% of the shares outstanding, followed by an ownership of 4.4% by the third-largest shareholder. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 13 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our information suggests that Stantec Inc. insiders own under 1% of the company. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own CA$40m worth of shares. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. The general public, who are usually individual investors, hold a 14% stake in Stantec. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand Stantec better, we need to consider many other factors. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Globe and Mail
25-02-2025
- Business
- Globe and Mail
Stantec (STN:CA) Stock Forecast: Q4 2024 Earnings & Analyst Insights
Stantec Inc (STN:CA) is a global leader in sustainable design, engineering, and consulting services. Known for its broad portfolio that spans infrastructure, water management, and environmental solutions, the company plays a critical role in shaping modern communities. As market dynamics continue to evolve, investors are eagerly awaiting the company's upcoming earnings release to gauge its performance and future outlook. Before we dive in, we have a special offer! For a limited time, you can get 70% off Stock Target Advisor's premium features. Claim your discount here! Expected Q4 Earnings Report of Stantec Inc Stantec is set to release its fourth quarter (Q4) 2024 earnings report along with full?year 2024 results on February 25, 2025. The announcement will be made before the market opens, followed by a conference call at 2:30 PM Mountain Time. This report is expected to shed light on the company's revenue performance, operational efficiencies, and strategic initiatives, helping investors better understand how Stantec is navigating today's competitive and dynamic market environment. Stock Target Advisor's Analysis on Stantec Inc: According to a recent analysis from Stock Target Advisor, Stantec carries a consensus 'Moderate Buy' rating. Analysts have set an average target price of around CAD 129.36, which suggests a potential upside of approximately 10–11% over the next 12 months. Despite trading at a premium valuation compared to its sector peers, Stantec's strong backlog and market-leading position in sustainable design continue to drive investor confidence. Conclusion: As Stantec Inc. prepares to unveil its Q4 2024 and full-year 2024 financials, market participants will be watching closely for key performance indicators and strategic guidance. The forthcoming earnings report and positive analyst sentiment reinforce a cautiously optimistic view of the company's future prospects. Investors should keep an eye on the conference call for further details that may impact the stock's trajectory in a rapidly evolving market.
