Cardinal Capital Management 13F: New $110M Stake in Stantec (STN)

Cardinal Capital Management has established a new stake in Stantec Inc. (NYSE: STN), acquiring 1,620,272 shares valued at approximately $109.5 million in a filing on October 16, 2026. This marks a significant investment as it is Cardinal's first position in the company.

What Changed in Cardinal Capital Management's Stantec Position

Cardinal's new buy reflects its entry into Stantec's shareholder base, with the fund now holding a total of 1,620,272 shares.

Other Institutional Activity in Stantec

Several other institutional investors have also engaged with Stantec during the same reporting period. Bank of Montreal increased its holdings by 185,467 shares, bringing its total to 4,928,863 shares worth about $341.5 million. 1832 Asset Management L.P. saw a larger increase of 566,731 shares, resulting in a total of 4,494,177 shares valued at approximately $311.4 million. Meanwhile, Vanguard Capital Management LLC added 34,480 shares, raising its total to 3,349,849 shares worth about $232.1 million. Royal Bank of Canada decreased its position by 429,043 shares, resulting in a total of 3,331,191 shares valued at about $230.8 million, while Alliancebernstein L.P. trimmed its stake by 148,611 shares, holding 3,315,525 shares worth around $229.7 million.

Stantec Inc. Stock Down 0.3%

Stantec Inc. shares have been fluctuating around $69.00 recently, placing the stock below its 50-day and 200-day moving averages, which are at $71.06 and $81.10, respectively. Additionally, the stock is nearly 39.7% below its 52-week high of $114.52 and 5.6% above its 52-week low of $65.35.

Recent Earnings

In its latest fiscal year, Stantec reported trailing twelve-month revenue of approximately $6.82 billion and earnings per share of $3.21. The revenue growth year-over-year was 11.5%, with a net margin of 7.4% and a return on equity of 15.7%. The next earnings report is scheduled for November 12, 2026.

Insider Buying and Selling at Stantec Inc.

There were no reported insider transactions in Stantec Inc. during this period.

About Stantec

Stantec Inc. provides professional services in infrastructure and facilities across various sectors in Canada, the United States, and other international markets. The company's focus on engineering and construction makes it a key player in the industry, enhancing its importance among institutional investors.

Bottom Line

As Cardinal Capital Management opens its position, investors will be watching for upcoming earnings on November 12, 2026, and any further filings that may reveal changes in institutional holdings or insider activity. Keep in mind that 13F filings reflect holdings as of the reporting period and may not represent the current position of the investors.