Insider Buying: Stantec Inc. (TSE:STN) Director Acquires 3,000 Shares of Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Vito Culmone acquired 3,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$112.03 per share, for a total transaction of C$336,099.00.

Vito Culmone also recently made the following trade(s):

• On Wednesday, November 27th, Vito Culmone purchased 4,000 shares of Stantec stock. The shares were purchased at an average cost of C$121.49 per share, for a total transaction of C$485,960.00.

Stantec Price Performance

STN opened at C$112.78 on Thursday. The firm has a 50-day moving average price of C$116.65 and a 200-day moving average price of C$114.30. Stantec Inc. has a twelve month low of C$103.48 and a twelve month high of C$123.92. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. The company has a market capitalization of C$12.86 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.74%. Stantec’s payout ratio is 27.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Stifel Nicolaus boosted their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets raised their target price on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. Finally, CIBC lifted their price objective on shares of Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$129.50.

About Stantec

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.