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

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

Several research analysts recently weighed in on the company. Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. StockNews.com lowered Stantec from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday. Scotiabank assumed coverage on shares of Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating on the stock. Finally, Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday.

Stantec Trading Up 0.4 %

NYSE STN opened at $82.59 on Monday. The company has a 50-day moving average of $81.42 and a 200-day moving average of $82.41. Stantec has a 12 month low of $67.54 and a 12 month 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 1.39. The company has a market cap of $9.42 billion, a P/E ratio of 37.54 and a beta of 1.02.

Stantec Increases Dividend

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

Hedge Funds Weigh In On Stantec

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Triad Wealth Partners LLC purchased a new stake in Stantec during the second quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. bought a new stake in Stantec in the 2nd quarter worth approximately $71,000. Blue Trust Inc. raised its stake in Stantec by 802.8% during the 3rd 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 during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Stantec by 45.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after buying an additional 326 shares during the period. Finally, UniSuper Management Pty Ltd grew its holdings in Stantec by 100.0% during the first 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 during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

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.