Insider Selling: Stantec Inc. (STN) Director Sells C$340,500.00 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Paul Jeremy David Alpern sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of C$34.05, for a total value of C$340,500.00.

STN opened at C$33.81 on Friday. Stantec Inc. has a 1-year low of C$30.97 and a 1-year high of C$37.13.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Thursday, May 10th. The company reported C$0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.03). Stantec had a net margin of 1.40% and a return on equity of 2.39%. The firm had revenue of C$876.60 million for the quarter, compared to analyst estimates of C$886.98 million.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Friday, June 29th will be issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, June 28th.

Several equities analysts have weighed in on STN shares. TD Securities raised their price target on Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a research report on Friday, May 11th. National Bank Financial reduced their target price on Stantec from C$37.00 to C$35.00 in a report on Friday, May 11th. CIBC upgraded Stantec from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$36.00 to C$38.00 in a report on Friday, April 27th. Finally, Canaccord Genuity boosted their price objective on Stantec from C$33.00 to C$34.00 in a research note on Friday, May 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$36.83.

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.

Insider Buying and Selling by Quarter for Stantec (TSE:STN)

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