Stantec Inc. (TSE:STN) Plans $0.21 Quarterly Dividend

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.21 per share on Wednesday, January 15th. This represents a $0.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st.

Stantec Stock Down 4.4 %

Shares of TSE:STN traded down C$5.19 during trading on Friday, hitting C$112.16. 419,000 shares of the company's stock traded hands, compared to its average volume of 261,565. Stantec has a 52 week low of C$86.94 and a 52 week high of C$122.57. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The company has a market cap of C$12.79 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a 50-day moving average price of C$111.32 and a 200-day moving average price of C$112.70.

Stantec (TSE:STN - Get Free Report) NYSE: STN last announced its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.11 by C$0.01. Stantec had a return on equity of 12.91% and a net margin of 6.31%. The business had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on STN shares. Stifel Nicolaus lifted their target price on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Canaccord Genuity Group boosted their price target on Stantec from C$120.00 to C$125.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. BMO Capital Markets boosted their price target on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Scotiabank raised Stantec to a "strong-buy" rating in a research report on Friday, October 25th. Finally, Raymond James lowered Stantec from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Stantec presently has an average rating of "Moderate Buy" and an average price target of C$123.50.

Insider Activity at Stantec

In related news, Director Vito Culmone bought 2,000 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In other Stantec news, Director Vito Culmone purchased 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the acquisition, the director now directly owns 840 shares in the company, valued at C$92,190. This represents a 0.00 % increase in their position. Insiders bought 2,445 shares of company stock worth $274,636 in the last ninety days. 0.27% of the stock is owned by company insiders.

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.