Stantec (NYSE:STN) Sets New 52-Week Low – What’s Next?

Stantec Inc. (NYSE:STN) (TSE:STN)’s share price hit a new 52-week low during mid-day 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.

Analysts Set New Price Targets

STN has been the subject of a number of research reports. Scotiabank initiated coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Finally, Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy”.

Stantec Stock Down 1.0 %

The firm’s fifty day simple moving average is $82.24 and its 200-day simple moving average is $82.54. The company has a market cap of $8.69 billion, a PE ratio of 34.63 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid 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 dividend yield of 0.81%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio (DPR) is presently 28.18%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Forsta AP Fonden grew its holdings in Stantec by 145.3% in the 2nd quarter. Forsta AP Fonden now owns 36,800 shares of the business services provider’s stock valued at $3,080,000 after buying an additional 21,800 shares during the period. DekaBank Deutsche Girozentrale grew its position in Stantec by 86.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock valued at $75,897,000 after acquiring an additional 422,538 shares during the period. Dimensional Fund Advisors LP increased its position in Stantec by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 215,049 shares of the business services provider’s stock worth $17,968,000 after purchasing an additional 27,060 shares in the last quarter. Intech Investment Management LLC raised its holdings in Stantec by 301.8% in the second quarter. Intech Investment Management LLC now owns 11,255 shares of the business services provider’s stock valued at $942,000 after buying an additional 8,454 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Stantec by 12.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock worth $103,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds 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.