Stantec Inc. (NYSE:STN) Receives Consensus Rating of "Buy" from Brokerages

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN has been assigned a consensus rating of "Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation.

STN has been the topic of several research reports. TD Securities reaffirmed a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th.

Hedge Funds Weigh In On Stantec

A number of hedge funds and other institutional investors have recently bought and sold shares of STN. Mackenzie Financial Corp boosted its stake in shares of Stantec by 166.5% in the 4th quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock valued at $1,751,093,000 after purchasing an additional 13,958,790 shares in the last quarter. Norges Bank purchased a new stake in Stantec during the 4th quarter valued at $110,221,000. The Manufacturers Life Insurance Company boosted its position in Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock valued at $359,131,000 after buying an additional 964,188 shares during the period. Janus Henderson Group PLC bought a new position in Stantec in the 4th quarter worth $56,191,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Stantec by 19.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock worth $262,791,000 after purchasing an additional 542,305 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

Stantec Price Performance

Shares of NYSE:STN opened at $109.60 on Tuesday. Stantec has a 52 week low of $73.18 and a 52 week high of $110.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38. The firm's fifty day moving average is $102.20 and its 200-day moving average is $88.38. The firm has a market cap of $12.50 billion, a PE ratio of 45.29 and a beta of 1.03.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Stantec had a net margin of 5.01% and a return on equity of 18.22%. Sell-side analysts predict that Stantec will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.1612 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, June 30th. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is currently 27.27%.

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.

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