Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have been given a consensus rating of “Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of research analysts have commented on STN shares. ValuEngine downgraded shares of Stantec from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Scotiabank raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 19th. Zacks Investment Research downgraded shares of Stantec from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. CIBC downgraded shares of Stantec from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, July 5th. Finally, Howard Weil raised shares of Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th.

Several large investors have recently added to or reduced their stakes in STN. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Stantec by 16.6% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock valued at $183,540,000 after buying an additional 1,014,400 shares in the last quarter. TD Asset Management Inc. boosted its holdings in shares of Stantec by 54.7% in the 2nd quarter. TD Asset Management Inc. now owns 1,034,040 shares of the business services provider’s stock valued at $26,577,000 after buying an additional 365,729 shares in the last quarter. Addenda Capital Inc. boosted its holdings in shares of Stantec by 96.5% in the 2nd quarter. Addenda Capital Inc. now owns 436,396 shares of the business services provider’s stock valued at $11,029,000 after buying an additional 214,263 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in shares of Stantec by 8.1% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock valued at $50,710,000 after buying an additional 147,725 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its holdings in shares of Stantec by 60.1% in the 2nd quarter. Intact Investment Management Inc. now owns 295,600 shares of the business services provider’s stock valued at $9,965,000 after buying an additional 111,000 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

NYSE STN opened at $24.98 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 18.37 and a beta of 1.57. Stantec has a one year low of $24.05 and a one year high of $29.25.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 8th. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). The business had revenue of $703.54 million for the quarter, compared to analysts’ expectations of $705.24 million. Stantec had a net margin of 2.58% and a return on equity of 10.09%. On average, equities research analysts expect that Stantec will post 1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Friday, September 28th were issued a $0.106 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, September 27th. Stantec’s dividend payout ratio is currently 30.88%.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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