Stantec Inc. (STN) To Go Ex-Dividend on March 28th

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.225 per share on Tuesday, April 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. This is a 7.1% increase from Stantec’s previous quarterly dividend of $0.21.

Stantec Stock Up 0.3 %

STN stock traded up C$0.32 during trading on Wednesday, reaching C$120.09. The stock had a trading volume of 12,885 shares, compared to its average volume of 263,039. 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 firm has a fifty day moving average price of C$114.84 and a 200 day moving average price of C$114.05. The company has a market capitalization of C$13.69 billion, a P/E ratio of 40.08, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 1-year low of C$103.48 and a 1-year high of C$129.39.

Analysts Set New Price Targets

Several research firms have recently commented on STN. Canaccord Genuity Group increased their target price on Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. BMO Capital Markets increased their price objective on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Desjardins raised their price objective on shares of Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Scotiabank upped their target price on shares of Stantec from C$129.00 to C$141.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, National Bankshares lifted their price target on Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$140.33.

Insider Activity

In other news, Director Vito Culmone purchased 3,000 shares of Stantec stock in a transaction dated Monday, December 30th. The stock was bought at an average price of C$112.03 per share, with a total value of C$336,099.00. Corporate insiders own 0.27% of the company’s stock.

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.