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

Stantec Inc. (TSE:STN) (NYSE:STN) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors 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 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Tuesday, December 31st.

Stantec Trading Down 4.4 %

TSE STN opened at C$112.16 on Friday. Stantec has a one year low of C$86.94 and a one year high of C$122.57. The firm has a market cap of C$12.79 billion, a PE ratio of 36.89, a P/E/G ratio of 1.46 and a beta of 0.82. The firm’s fifty day moving average is C$111.32 and its two-hundred day moving average is C$112.68. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.01. The business had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion. Stantec had a return on equity of 12.91% and a net margin of 6.31%.

Analysts Set New Price Targets

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

Insider Transactions at Stantec

In related news, Director Vito Culmone bought 2,000 shares of the firm’s stock in a transaction dated 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. In related news, Director Vito Culmone bought 2,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the purchase, 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 position. Insiders have bought a total of 2,445 shares of company stock worth $274,636 in the last three months. 0.27% of the stock is currently owned by company insiders.

About Stantec

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.