Stantec (TSE:STN) Director Shelley Ann Marie Brown Purchases 393 Shares of Company Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Shelley Ann Marie Brown purchased 393 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were bought at an average cost of C$95.91 per share, for a total transaction of C$37,692.63. Following the completion of the purchase, the director directly owned 6,277 shares of the company’s stock, valued at C$602,027.07. The trade was a 6.68% increase in their ownership of the stock.

Stantec Trading Up 1.2%

TSE:STN traded up C$1.10 during trading hours on Friday, hitting C$96.49. 177,457 shares of the stock were exchanged, compared to its average volume of 464,228. The company’s 50 day moving average is C$100.22 and its two-hundred day moving average is C$106.39. Stantec Inc. has a twelve month low of C$93.28 and a twelve month high of C$160.05. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. The company has a market capitalization of C$10.85 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.The company had revenue of C$2.23 billion during the quarter.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.2450 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a yield of 1.0%. Stantec’s dividend payout ratio is presently 21.22%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on STN shares. Scotiabank dropped their price target on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada cut their price target on Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. Desjardins set a C$169.00 price target on Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. National Bank Financial dropped their price objective on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, ATB Cormark Capital Markets raised their target price on Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$143.00.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.