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

Stantec Inc. (NYSE:STN) (TSE:STN) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company.

STN has been the topic of several research reports. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Scotiabank initiated coverage on Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Stantec

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triad Wealth Partners LLC acquired a new stake in shares of Stantec in the second quarter valued at $51,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Stantec in the second quarter valued at $71,000. Blue Trust Inc. grew its stake in shares of Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock valued at $81,000 after buying an additional 867 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 buying an additional 129 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Stantec by 30.3% in 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 in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Performance

NYSE STN opened at $84.52 on Friday. The company has a market cap of $9.64 billion, a PE ratio of 38.42 and a beta of 0.99. The stock’s 50 day simple moving average is $83.70 and its 200-day simple moving average is $82.90. Stantec has a 1-year low of $74.62 and a 1-year high of $88.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

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 paid a dividend of $0.155 per share. This is a boost from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 annualized dividend and a yield of 0.73%. Stantec’s dividend payout ratio (DPR) is 28.18%.

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.