Stantec Inc. (NYSE:STN) Receives Consensus Rating of “Buy” from Analysts

Stantec Inc. (NYSE:STN) (TSE:STN) has been given a consensus recommendation of “Buy” by the four brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation.

A number of research firms have commented on STN. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th.

Stantec Price Performance

NYSE:STN opened at $85.27 on Wednesday. The firm has a market cap of $9.73 billion, a PE ratio of 38.76 and a beta of 1.01. Stantec has a 12 month low of $73.18 and a 12 month high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $78.36 and its two-hundred day moving average price is $81.02.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec’s dividend payout ratio is presently 26.36%.

Hedge Funds Weigh In On Stantec

A number of large investors have recently modified their holdings of STN. Blue Trust Inc. lifted its position in shares of Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after purchasing an additional 867 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Stantec by 5.1% during the third quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock worth $324,000 after buying an additional 196 shares during the last quarter. Forsta AP Fonden raised its stake in shares of Stantec by 14.4% during the third quarter. Forsta AP Fonden now owns 42,100 shares of the business services provider’s stock worth $3,389,000 after buying an additional 5,300 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of Stantec during the third quarter worth approximately $211,000. Finally, US Bancorp DE raised its stake 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 worth $171,000 after buying an additional 493 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.