Stantec Inc. (NYSE:STN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating.

STN has been the topic of several recent research reports. CIBC reiterated an “outperform” rating on shares of Stantec in a research report on Friday, July 18th. TD Securities reiterated a “buy” rating on shares of Stantec in a research report on Friday, May 16th. Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research report on Friday, May 16th. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Wednesday, May 7th.

Stantec Stock Up 1.1%

STN opened at $109.84 on Friday. Stantec has a 1-year low of $73.18 and a 1-year high of $113.50. The stock’s fifty day simple moving average is $108.13 and its 200 day simple moving average is $92.90. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41. The stock has a market cap of $12.53 billion, a PE ratio of 45.39 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Stantec had a return on equity of 18.22% and a net margin of 5.01%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion. As a group, research analysts expect that Stantec will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.1612 dividend. The ex-dividend date was Monday, June 30th. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.6%. Stantec’s dividend payout ratio (DPR) is 27.27%.

Institutional Trading of Stantec

Several large investors have recently bought and sold shares of the business. Atria Investments Inc boosted its stake in Stantec by 144.2% in the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock valued at $1,096,000 after buying an additional 5,954 shares in the last quarter. Jennison Associates LLC boosted its stake in Stantec by 5.6% in the second quarter. Jennison Associates LLC now owns 115,135 shares of the business services provider’s stock valued at $12,536,000 after buying an additional 6,143 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Stantec by 100.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,240 shares of the business services provider’s stock valued at $569,000 after buying an additional 2,626 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Stantec by 4,700.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock valued at $42,000 after buying an additional 376 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Stantec by 39.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 685,175 shares of the business services provider’s stock valued at $74,401,000 after buying an additional 194,000 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

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.