Helping clients go green spurs Stantec

Article Excerpt

Stantec’s shares are up 70% since the start of 2021 as construction projects resumed following 2020 COVID-19 lockdowns. Even after that jump, the stock still has plenty of growth ahead as governments spend more on infrastructure. Stantec is also helping businesses improve the environmental impact of their structures as they face pressure from institutional investors to lift their ESG (environmental, social and governance) scores. STANTEC INC. $71 is a buy. The stock (Toronto symbol STN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 111.1 million; Market cap: $7.9 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.stantec.com) offers you exposure to this leading seller of consulting, project-delivery, design and technology services. Stantec tends to use acquisitions to spur its growth. It cuts related risk by targeting smaller firms that are easy to absorb. Moreover, sharing administrative expenses, financing and employee benefits among its businesses helps cut costs overall. For example, the company is now buying the North American and Asia-Pacific businesses of Australian…