Stantec (NYSE:STN) Rating Increased to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Stantec (NYSE:STN) (TSE:STN) from a hold rating to a buy rating in a research report released on Monday morning, Marketbeat reports.

STN has been the subject of a number of other research reports. Raymond James lowered Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Scotiabank assumed coverage on shares of Stantec in a research report on Friday, October 25th. They issued a “sector outperform” rating for the company. Finally, StockNews.com cut shares of Stantec from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Stantec Stock Up 0.4 %

Shares of Stantec stock opened at $82.59 on Monday. Stantec has a twelve month low of $67.54 and a twelve month high of $88.42. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 37.54 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $81.42 and a 200 day moving average price of $82.41.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.155 dividend. This is a boost from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.75%. Stantec’s payout ratio is 28.18%.

Institutional Investors Weigh In On Stantec

Hedge funds and other institutional investors have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new position in shares of Stantec during the 2nd quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Stantec in the second quarter valued at $71,000. Blue Trust Inc. boosted its stake in Stantec by 802.8% during the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Stantec by 45.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock worth $83,000 after acquiring an additional 326 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its position in shares of Stantec by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock worth $133,000 after purchasing an additional 800 shares during the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

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.