Stantec (NYSE:STN) Reaches New 1-Year Low – What’s Next?

Stantec Inc. (NYSE:STN) (TSE:STN)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $74.30 and last traded at $74.02, with a volume of 1448 shares changing hands. The stock had previously closed at $77.43.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STN shares. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Scotiabank assumed coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company. Finally, Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Stantec has an average rating of “Moderate Buy”.

Stantec Stock Performance

The business has a 50-day simple moving average of $80.76 and a 200 day simple moving average of $81.88. The firm has a market cap of $8.51 billion, a PE ratio of 33.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Stantec had a return on equity of 16.57% and a net margin of 4.78%. During the same quarter last year, the business posted $0.85 EPS. Equities research analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.155 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a yield of 0.83%. Stantec’s payout ratio is 26.36%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Canoe Financial LP grew its stake in Stantec by 1,011.1% during the 4th quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock worth $6,567,000 after buying an additional 76,217 shares during the last quarter. Toronto Dominion Bank grew its stake in Stantec by 198.4% during the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after purchasing an additional 251,407 shares during the last quarter. Compagnie Lombard Odier SCmA grew its stake in Stantec by 81.8% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,125 shares of the business services provider’s stock valued at $1,137,000 after purchasing an additional 6,354 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Stantec by 5.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock valued at $324,000 after purchasing an additional 196 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in Stantec by 98.1% during the 3rd quarter. Quantbot Technologies LP now owns 19,818 shares of the business services provider’s stock valued at $1,594,000 after purchasing an additional 9,814 shares during the last quarter. 63.86% of the stock is owned by institutional investors.

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.