Stantec Inc. (NYSE:STN – Get Free Report) (TSE:STN)’s stock price gapped up before the market opened on Friday after the company announced a dividend. The stock had previously closed at $63.04, but opened at $65.00. Stantec shares last traded at $68.01, with a volume of 61,308 shares trading hands.
The newly announced dividend which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.56 annualized dividend and a yield of 0.82%. Stantec’s dividend payout ratio is currently 26.24%.
Wall Street Analyst Weigh In
STN has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Stantec from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, September 12th. Canaccord Genuity Group cut shares of Stantec from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, StockNews.com initiated coverage on shares of Stantec in a report on Thursday, October 5th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.
Stantec Price Performance
The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 31.09 and a beta of 0.99. The company’s 50-day moving average is $64.51 and its 200-day moving average is $63.91.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. Stantec had a net margin of 5.18% and a return on equity of 17.39%. The business had revenue of $952.03 million for the quarter, compared to analyst estimates of $915.79 million. Equities research analysts predict that Stantec Inc. will post 2.61 earnings per share for the current year.
Institutional Trading of Stantec
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Stantec by 2.9% in the third quarter. Vanguard Group Inc. now owns 3,889,838 shares of the business services provider’s stock valued at $170,491,000 after buying an additional 109,180 shares in the last quarter. Bank of Montreal Can acquired a new stake in Stantec in the second quarter valued at approximately $185,919,000. Fiera Capital Corp boosted its position in Stantec by 5.9% in the third quarter. Fiera Capital Corp now owns 2,552,514 shares of the business services provider’s stock valued at $166,078,000 after buying an additional 142,842 shares in the last quarter. Invesco Ltd. boosted its position in Stantec by 8.0% in the first quarter. Invesco Ltd. now owns 1,622,913 shares of the business services provider’s stock valued at $81,372,000 after buying an additional 119,555 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Stantec by 17.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,615,845 shares of the business services provider’s stock worth $94,459,000 after purchasing an additional 240,087 shares during the period. Institutional investors and hedge funds own 58.17% of the company’s stock.
Stantec Company Profile
Stantec Inc provides e professional services in the areas of infrastructure and facilities to the public and private sectors clients in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
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