Stantec Inc. (TSE:STN) Director Vito Culmone Buys 4,000 Shares of Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Vito Culmone acquired 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of C$121.49 per share, with a total value of C$485,960.00.

Stantec Stock Performance

STN stock opened at C$120.25 on Thursday. The stock’s 50 day simple moving average is C$113.70 and its 200 day simple moving average is C$113.33. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec Inc. has a 12-month low of C$96.31 and a 12-month high of C$122.83. The stock has a market capitalization of C$13.72 billion, a PE ratio of 39.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.70%. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STN. Scotiabank upgraded Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Stifel Nicolaus boosted their target price on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of C$126.36.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.