Insider Buying: Stantec (TSE:STN) Director Purchases C$37,692.63 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Shelley Ann Marie Brown acquired 393 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average cost of C$95.91 per share, with a total value of C$37,692.63. Following the acquisition, the director directly owned 6,277 shares of the company’s stock, valued at C$602,027.07. This represents a 6.68% increase in their position.

Stantec Stock Performance

Shares of Stantec stock opened at C$96.25 on Monday. The firm has a 50-day simple moving average of C$100.24 and a two-hundred day simple moving average of C$106.20. The company has a market cap of C$10.82 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. Stantec Inc. has a fifty-two week low of C$93.28 and a fifty-two week high of C$160.05. The company has a debt-to-equity ratio of 80.98, a quick ratio of 1.46 and a current ratio of 1.50.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.The firm had revenue of C$2.23 billion for the quarter.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.2450 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a yield of 1.0%. Stantec’s dividend payout ratio is currently 21.22%.

Analyst Ratings Changes

STN has been the subject of several research analyst reports. National Bank Financial reduced their target price on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Scotia dropped their price target on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 14th. ATB Cormark Capital Markets boosted their price target on shares of Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada cut their price target on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a report on Friday, August 14th. Finally, Desjardins set a C$169.00 price objective on shares of Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$143.00.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.