Stantec (NYSE:STN) Hits New 1-Year Low – Time to Sell?

Stantec Inc. (NYSE:STN) (TSE:STN) hit a new 52-week low during trading on Friday . The stock traded as low as $75.57 and last traded at $76.63, with a volume of 15976 shares traded. The stock had previously closed at $76.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Scotiabank started coverage on shares of Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating on the stock. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Stantec presently has a consensus rating of “Moderate Buy”.

Stantec Trading Up 0.1 %

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 stock’s fifty day simple moving average is $82.34 and its two-hundred day simple moving average is $82.60. The firm has a market cap of $8.78 billion, a PE ratio of 35.00 and a beta of 1.01.

Stantec Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.81%. Stantec’s payout ratio is presently 28.18%.

Institutional Trading of Stantec

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Stantec by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 278,480 shares of the business services provider’s stock valued at $22,419,000 after purchasing an additional 5,150 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Stantec during the third quarter valued at $3,117,000. Toronto Dominion Bank boosted its position in shares of Stantec by 198.4% during the third quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after buying an additional 251,407 shares during the last quarter. Geode Capital Management LLC increased its holdings in Stantec by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock worth $42,781,000 after buying an additional 46,267 shares in the last quarter. Finally, Barclays PLC raised its position in Stantec by 73.2% in the 3rd quarter. Barclays PLC now owns 31,001 shares of the business services provider’s stock worth $2,493,000 after buying an additional 13,107 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

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.