Stantec Inc. (NYSE:STN) Given Average Recommendation of “Moderate Buy” by Brokerages

Stantec Inc. (NYSE:STN) (TSE:STN) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

STN has been the subject of a number of recent research reports. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Finally, Scotiabank assumed coverage on shares of Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating on the stock.

Stantec Stock Down 0.5 %

STN opened at $86.53 on Friday. Stantec has a 1 year low of $74.62 and a 1 year high of $88.42. The firm has a 50 day moving average price of $83.52 and a 200 day moving average price of $82.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $9.87 billion, a PE ratio of 39.33 and a beta of 0.99.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio is 28.18%.

Hedge Funds Weigh In On Stantec

A number of large investors have recently bought and sold shares of STN. Triad Wealth Partners LLC bought a new position in Stantec during the 2nd quarter worth $51,000. Northwestern Mutual Wealth Management Co. acquired a new position in Stantec during the 2nd quarter valued at about $71,000. Blue Trust Inc. grew its position in Stantec by 802.8% in the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after purchasing an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Stantec by 12.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 129 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Stantec by 30.3% during the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after buying an additional 493 shares during the last quarter. Institutional investors own 63.86% 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.