Stantec Inc. Announces Quarterly Dividend of $0.21 (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.21 per share on Wednesday, January 15th. This represents a $0.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, December 31st.

Stantec Price Performance

Stantec stock opened at C$112.16 on Friday. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. The business has a 50 day simple moving average of C$111.32 and a 200-day simple moving average of C$112.68. Stantec has a 12 month low of C$86.94 and a 12 month high of C$122.57. The stock has a market capitalization of C$12.79 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. The company had revenue of C$1.49 billion during the quarter, compared to the consensus estimate of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone purchased 2,000 shares of Stantec stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of C$112.97 per share, with a total value of C$225,940.00. In related news, Director Vito Culmone purchased 2,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji acquired 300 shares of Stantec stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the transaction, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190. This represents a 0.00 % increase in their ownership of the stock. In the last three months, insiders acquired 2,445 shares of company stock worth $274,636. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STN shares. Scotiabank raised shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus increased their target price on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets raised their price target on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Finally, Canaccord Genuity Group raised their target price on Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$123.50.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.