Vito Culmone Acquires 4,000 Shares of Stantec Inc. (TSE:STN) Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Vito Culmone acquired 4,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of C$121.49 per share, for a total transaction of C$485,960.00.

Stantec Stock Performance

STN stock opened at C$121.06 on Friday. The company has a market capitalization of C$13.81 billion, a price-to-earnings ratio of 39.82, a P/E/G ratio of 1.46 and a beta of 0.82. The firm has a 50 day moving average of C$113.97 and a two-hundred day moving average of C$113.37. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. Stantec Inc. has a 12 month low of C$96.50 and a 12 month high of C$122.83.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio is presently 27.63%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on STN shares. Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Canaccord Genuity Group raised their price target on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy” and an average target price of C$126.36.

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.