Stantec Inc. (NYSE:STN) Given Consensus Rating of "Buy" by Brokerages

Shares of Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN have been given an average rating of "Buy" by the four research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation.

STN has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Stantec from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday. Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th.

Hedge Funds Weigh In On Stantec

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after buying an additional 424 shares during the last quarter. Blue Trust Inc. grew its position in Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider's stock worth $81,000 after acquiring an additional 867 shares during the period. Natixis increased its stake in Stantec by 114.8% during the fourth quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after acquiring an additional 952 shares during the last quarter. US Bancorp DE boosted its stake in Stantec by 30.3% during the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock worth $171,000 after buying an additional 493 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Stantec during the fourth quarter valued at about $205,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

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Stantec Price Performance

Shares of Stantec stock traded up $0.63 on Wednesday, reaching $85.27. The company's stock had a trading volume of 264,020 shares, compared to its average volume of 148,280. 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 company has a market capitalization of $9.73 billion, a P/E ratio of 38.76 and a beta of 1.01. The stock has a 50-day moving average price of $78.48 and a 200-day moving average price of $81.06. Stantec has a 52-week low of $73.18 and a 52-week high of $90.24.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.1574 dividend. This represents a $0.63 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, March 28th. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is currently 26.18%.

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.