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.

COPYRIGHT VIOLATION WARNING: “Stantec Inc. (STN) Sets New 12-Month High at $28.30” was first published by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/09/06/stantec-inc-stn-sets-new-12-month-high-at-28-30.html.

About Stantec

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.