Stantec Inc. (STN) Short Interest Update

Share on StockTwits

Stantec Inc. (NYSE:STN) (TSE:STN) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 1,035,374 shares, a growth of 85.0% from the September 28th total of 559,807 shares. Based on an average trading volume of 18,336 shares, the short-interest ratio is currently 56.5 days.

Stantec stock opened at $25.77 on Wednesday. The company has a market cap of $2.84 billion, a P/E ratio of 18.95 and a beta of 1.57. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. Stantec has a one year low of $24.05 and a one year high of $29.25.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.10). Stantec had a return on equity of 10.09% and a net margin of 2.58%. The company had revenue of $703.54 million for the quarter, compared to analyst estimates of $705.24 million. Sell-side analysts expect that Stantec will post 1.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 28th were issued a dividend of $0.106 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.42 annualized dividend and a yield of 1.65%. Stantec’s dividend payout ratio is presently 30.88%.

Several equities analysts recently commented on the company. CIBC lowered Stantec from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, July 5th. ValuEngine lowered Stantec from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Scotia Howard Weill raised Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Howard Weil raised Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research lowered Stantec from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $29.00.

Hedge funds have recently bought and sold shares of the business. Global X Management Co LLC increased its holdings in Stantec by 18.7% during the 2nd quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock worth $712,000 after purchasing an additional 4,374 shares during the last quarter. Intact Investment Management Inc. increased its holdings in Stantec by 60.1% during the 2nd quarter. Intact Investment Management Inc. now owns 295,600 shares of the business services provider’s stock worth $9,965,000 after purchasing an additional 111,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Stantec by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 137,407 shares of the business services provider’s stock worth $3,387,000 after purchasing an additional 9,499 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Stantec during the 1st quarter worth approximately $271,000. Finally, Toronto Dominion Bank increased its holdings in Stantec by 2.5% during the 2nd quarter. Toronto Dominion Bank now owns 154,730 shares of the business services provider’s stock worth $4,053,000 after purchasing an additional 3,829 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

Read More: Why do companies engage in swaps?

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply