Insider Buying: Stantec Inc. (TSE:STN) Director Buys C$69,102.50 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Catherine Margaret Schefer purchased 605 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of C$114.22 per share, with a total value of C$69,102.50.

Stantec Stock Performance

TSE:STN opened at C$114.53 on Monday. The company has a market capitalization of C$13.06 billion, a PE ratio of 37.06, a P/E/G ratio of 1.46 and a beta of 0.87. Stantec Inc. has a fifty-two week low of C$82.50 and a fifty-two week high of C$118.39. The company has a debt-to-equity ratio of 75.54, a quick ratio of 1.46 and a current ratio of 1.34. The company has a 50 day simple moving average of C$111.82 and a two-hundred day simple moving average of C$110.49.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, May 8th. The company reported C$0.90 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.86 by C$0.04. The business had revenue of C$1.37 billion during the quarter, compared to the consensus estimate of C$1.36 billion. Stantec had a net margin of 6.64% and a return on equity of 13.32%. Research analysts anticipate that Stantec Inc. will post 4.2953046 earnings per share for the current year.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.84 annualized dividend and a yield of 0.73%. Stantec’s dividend payout ratio is currently 27.18%.

Wall Street Analyst Weigh In

STN has been the subject of several analyst reports. Scotiabank lifted their price objective on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a report on Thursday, May 2nd. BMO Capital Markets increased their price objective on shares of Stantec from C$127.00 to C$128.00 in a research note on Friday, May 10th. National Bankshares upped their price target on shares of Stantec from C$126.00 to C$128.00 in a report on Friday, May 10th. Stifel Nicolaus lifted their price objective on shares of Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada boosted their price target on Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$120.85.

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.