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

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 given 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 of this dividend is Tuesday, December 31st.

Stantec Price Performance

Shares of STN opened at C$112.16 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The company has a market cap of C$12.79 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 1-year low of C$86.94 and a 1-year high of C$122.57. The company’s fifty day simple moving average is C$111.32 and its 200 day simple moving average is C$112.68.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, beating the consensus estimate of C$1.11 by C$0.01. The firm had revenue of C$1.49 billion for 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%.

Analyst Ratings Changes

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

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone bought 2,000 shares of Stantec stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In other news, Director Vito Culmone bought 2,000 shares of the company’s stock in a transaction that occurred on 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 on Wednesday, August 14th. The shares were acquired at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the acquisition, the director now owns 840 shares in the company, valued at approximately C$92,190. This trade represents a 0.00 % increase in their position. In the last quarter, insiders have purchased 2,445 shares of company stock worth $274,636. Insiders own 0.27% of the company’s stock.

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.