Insider Buying: Stantec Inc. (TSE:STN) Director Purchases C$336,099.00 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Vito Culmone acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of C$112.03 per share, with a total value of C$336,099.00.

Vito Culmone also recently made the following trade(s):

• On Wednesday, November 27th, Vito Culmone bought 4,000 shares of Stantec stock. The stock was bought at an average price of C$121.49 per share, for a total transaction of C$485,960.00.

Stantec Stock Performance

Shares of STN opened at C$112.78 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm’s fifty day simple moving average is C$116.65 and its two-hundred day simple moving average is C$114.30. Stantec Inc. has a 12 month low of C$103.48 and a 12 month high of C$123.92. The stock has a market capitalization of C$12.86 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.74%. Stantec’s dividend payout ratio is currently 27.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on STN shares. Scotiabank upgraded Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Canaccord Genuity Group lifted their price target on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Stifel Nicolaus upped their price objective on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets lifted their target price on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Finally, CIBC upped their price target on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$129.50.

Stantec Company Profile

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.