Stantec Inc. (STN) Reaches New 12-Month High at $28.30
Stantec Inc. (NYSE:STN) (TSE:STN) shares 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 trading hands. The stock had previously closed at $27.90.
A number of research analysts have recently commented on the company. TheStreet raised Stantec from a “c” rating to a “b-” rating in a research report on Monday, August 14th. BidaskClub cut Stantec from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Desjardins raised Stantec from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Finally, Zacks Investment Research cut 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. The company presently has an average rating of “Hold” and an average target price of $32.20.
The stock has a 50 day moving average price of $26.30 and a 200 day moving average price of $25.33. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 34.68 and a beta of 1.58.
Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $891.49 million for the quarter, compared to the consensus estimate of $902.78 million. Stantec had a return on equity of 10.67% and a net margin of 2.31%. Stantec’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. Equities analysts expect that Stantec Inc. will post $1.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Stantec’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.41%. Stantec’s payout ratio is 47.44%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp purchased a new position in Stantec during the first quarter valued at $248,000. Grandeur Peak Global Advisors LLC lifted its position in Stantec by 3.9% during the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock valued at $39,147,000 after purchasing an additional 57,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Stantec by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 102,219 shares of the business services provider’s stock valued at $2,653,000 after purchasing an additional 5,114 shares in the last quarter. Swiss National Bank lifted its position in Stantec by 1.0% during the first quarter. Swiss National Bank now owns 190,570 shares of the business services provider’s stock valued at $4,945,000 after purchasing an additional 1,800 shares in the last quarter. Finally, State of Wisconsin Investment Board purchased a new position in Stantec during the first quarter valued at $342,000. Institutional investors own 56.98% of the company’s stock.
Stantec Company Profile
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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