Insider Buying: Stantec Inc. (TSE:STN) Director Acquires C$174,392.88 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Clayton Bock bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of C$139.51 per share, for a total transaction of C$174,392.88.

Stantec Price Performance

STN opened at C$139.82 on Friday. The stock has a market cap of C$15.94 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 1.46 and a beta of 0.82. Stantec Inc. has a 1 year low of C$103.48 and a 1 year high of C$143.95. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The stock has a fifty day moving average price of C$123.95 and a 200 day moving average price of C$118.30.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.225 per share. This is a boost from Stantec’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.90 dividend on an annualized basis and a yield of 0.64%. Stantec’s dividend payout ratio (DPR) is presently 28.03%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STN. Desjardins lifted their price target on Stantec from C$148.00 to C$153.00 and gave the company a “buy” rating in a report on Thursday. ATB Capital lifted their price target on Stantec from C$140.00 to C$145.00 and gave the company a “sector perform” rating in a report on Thursday. CIBC lifted their price target on Stantec from C$141.00 to C$156.00 in a report on Thursday. Canaccord Genuity Group lifted their price target on Stantec from C$138.00 to C$150.00 and gave the company a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their price target on Stantec from C$143.00 to C$156.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$148.42.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.