Stantec (TSE:STN) Director Shelley Ann Marie Brown Acquires 393 Shares of Company Stock

Key Points

• Insider purchase: Stantec director Shelley Ann Marie Brown acquired 393 shares at an average C$95.91, investing approximately C$37,693 and increasing her ownership by 6.68% to 6,277 shares.
• Stock and financial performance: Stantec shares traded around C$96.49, near the company’s one-year low of C$93.28. In its latest quarter, the company reported C$1.61 EPS and C$2.23 billion in revenue, with a 6.23% net margin.
• Dividend and analyst outlook: Stantec declared a quarterly dividend of $0.245 per share, representing a 1.0% annualized yield. Analysts maintain a consensus “Buy” rating with an average price target of C$143.00.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN Director Shelley Ann Marie Brown purchased 393 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were acquired at an average price of C$95.91 per share, with a total value of C$37,692.63. Following the completion of the acquisition, the director owned 6,277 shares of the company's stock, valued at approximately C$602,027.07. The trade was a 6.68% increase in their ownership of the stock.

Stantec Stock Performance

Shares of STN traded up C$1.10 during mid-day trading on Friday, hitting C$96.49. The company's stock had a trading volume of 177,457 shares, compared to its average volume of 464,228. The stock's 50-day moving average is C$100.22 and its two-hundred day moving average is C$106.39. The firm has a market capitalization of C$10.85 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. 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 Inc. has a one year low of C$93.28 and a one year high of C$160.05.

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

Stantec Announces Dividend

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

Wall Street Analyst Weigh In

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

Stantec Company Profile

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.

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