Insider Buying: Stantec Inc. (TSE:STN) Director Buys 300 Shares of Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Asifa Samji bought 300 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the transaction, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190.

Stantec Stock Up 0.0 %

Shares of TSE:STN opened at C$113.24 on Friday. The stock’s 50-day moving average is C$115.15 and its 200 day moving average is C$112.96. The company has a market cap of C$12.92 billion, a PE ratio of 36.65, a P/E/G ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. Stantec Inc. has a 1 year low of C$82.50 and a 1 year high of C$122.57.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. Stantec’s dividend payout ratio (DPR) is presently 27.18%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on STN. Royal Bank of Canada upped their price objective on Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets upped their price objective on shares of Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their target price on shares of Stantec from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Scotiabank raised their price objective on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$120.69.

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.