Stantec Inc. (STN) Sets New 12-Month High at $28.30
Stantec Inc. (NYSE:STN) (TSE:STN) hit a new 52-week high during trading on Wednesday . The company traded as high as $28.30 and last traded at $28.30, with a volume of 29,053 shares changing hands. The stock had previously closed at $27.90.
A number of brokerages have commented on STN. BidaskClub downgraded shares of Stantec from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. TheStreet raised shares of Stantec from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Desjardins raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Finally, Zacks Investment Research downgraded shares of Stantec from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.20.
The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 34.55 and a beta of 1.58. The stock’s 50-day moving average is $26.12 and its 200 day moving average is $25.29.
Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $891.49 million for the quarter, compared to analyst estimates of $902.78 million. Stantec had a net margin of 2.31% and a return on equity of 10.67%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. On average, equities analysts expect that Stantec Inc. will post $1.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, September 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.09. Stantec’s payout ratio is 47.44%.
Large investors have recently modified their holdings of the stock. Karp Capital Management Corp bought a new stake in shares of Stantec in the first quarter worth $248,000. Grandeur Peak Global Advisors LLC increased its stake in shares of Stantec by 3.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock worth $39,147,000 after buying an additional 57,400 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Stantec by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 102,219 shares of the business services provider’s stock worth $2,653,000 after buying an additional 5,114 shares during the last quarter. Swiss National Bank increased its stake in shares of Stantec by 1.0% in the first quarter. Swiss National Bank now owns 190,570 shares of the business services provider’s stock worth $4,945,000 after buying an additional 1,800 shares during the last quarter. Finally, State of Wisconsin Investment Board bought a new stake in shares of Stantec in the first quarter worth $342,000. Institutional investors and hedge funds own 56.98% of the company’s stock.
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Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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