Stantec Inc. (TSE:STN) Director Purchases C$336,099.00 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Vito Culmone purchased 3,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, with a total value of C$336,099.00.

Vito Culmone also recently made the following trade(s):

• On Wednesday, November 27th, Vito Culmone purchased 4,000 shares of Stantec stock. The stock was acquired at an average cost of C$121.49 per share, for a total transaction of C$485,960.00.

Stantec Stock Performance

Stantec stock opened at C$112.77 on Tuesday. The stock has a market cap of C$12.86 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The stock’s 50 day simple moving average is C$116.72 and its two-hundred day simple moving average is C$114.30. Stantec Inc. has a fifty-two week low of C$103.48 and a fifty-two week high of C$123.92.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is currently 27.63%.

Wall Street Analyst Weigh In

STN has been the topic of a number of research reports. Canaccord Genuity Group upped their price target on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Stifel Nicolaus raised their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets boosted their price target on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. CIBC lifted their price objective on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Finally, Scotiabank raised shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$129.50.

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.