Insider Buying: Stantec Inc. (TSE:STN) Director Purchases 2,785 Shares of Stock

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN Director Susan Reisbord acquired 2,785 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of C$147.74 per share, with a total value of C$411,458.13.

Stantec Stock Performance

Shares of STN stock traded up C$2.55 during trading hours on Friday, reaching C$150.21. 500,504 shares of the company's stock were exchanged, compared to its average volume of 276,091. The company has a market cap of C$17.12 billion, a P/E ratio of 50.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company's 50 day moving average is C$137.18 and its two-hundred day moving average is C$122.87. Stantec Inc. has a 1 year low of C$103.48 and a 1 year high of C$150.28. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, June 30th. Stantec's payout ratio is currently 28.03%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STN. Canaccord Genuity Group increased their price objective on Stantec from C$138.00 to C$150.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Scotiabank increased their price objective on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada increased their price objective on Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Desjardins increased their price objective on Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, CIBC increased their price objective on Stantec from C$141.00 to C$156.00 in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$148.42.

About Stantec

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.