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

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of brokerages have recently weighed in on STN. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Saturday. Scotiabank initiated coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating on the stock. Finally, Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Stantec Price Performance

Shares of NYSE STN opened at $82.31 on Monday. The firm has a market cap of $9.39 billion, a P/E ratio of 37.41 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. Stantec has a 1-year low of $67.54 and a 1-year high of $88.42. The business’s 50 day moving average is $81.58 and its 200-day moving average is $82.46.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.75%. This is an increase from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio is currently 28.18%.

Institutional Investors Weigh In On Stantec

A number of large investors have recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC acquired a new stake in shares of Stantec in the 2nd quarter valued at $51,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Stantec in the 2nd quarter valued at $71,000. Blue Trust Inc. boosted its holdings in shares of Stantec by 802.8% in the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 867 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 326 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in shares of Stantec by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

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.