Stantec Inc. (TSE:STN) Director Vito Culmone Acquires 4,000 Shares

Stantec Inc. (TSE:STN) (NYSE:STN) Director Vito Culmone acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of C$121.49 per share, for a total transaction of C$485,960.00.

Stantec Price Performance

Stantec stock traded down C$0.53 during trading on Wednesday, reaching C$120.25. The company had a trading volume of 336,469 shares, compared to its average volume of 262,909. The firm has a market capitalization of C$13.72 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The firm’s 50-day simple moving average is C$113.40 and its 200 day simple moving average is C$113.29. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec Inc. has a 1-year low of C$96.31 and a 1-year high of C$122.83.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.70%. Stantec’s dividend payout ratio is currently 27.63%.

Analyst Ratings Changes

STN has been the topic of several analyst reports. Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Canaccord Genuity Group raised their target price on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Finally, Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$126.36.

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.