Trexquant Investment LP Makes New Investment in Stantec Inc. $STN

Key Points

• Trexquant Investment LP has invested approximately $1.56 million in Stantec Inc., acquiring 18,838 shares in the first quarter, as disclosed in their 13F filing.
• Stantec recently announced a quarterly dividend increase, raising it to $0.1635 per share, reflecting a 0.6% yield.
• The company reported $1.17 billion in revenue for the last quarter, with an EPS of $0.98, meeting analysts' expectations.

Trexquant Investment LP purchased a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,838 shares of the business services provider's stock, valued at approximately $1,561,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Preservation Advisors LLC purchased a new position in Stantec in the 1st quarter worth approximately $26,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Stantec by 25.6% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 64,312 shares of the business services provider's stock worth $5,332,000 after buying an additional 13,115 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Stantec by 8.6% in the 1st quarter. 1832 Asset Management L.P. now owns 95,651 shares of the business services provider's stock worth $7,924,000 after buying an additional 7,564 shares in the last quarter. Candriam S.C.A. grew its stake in Stantec by 1.8% in the 1st quarter. Candriam S.C.A. now owns 238,091 shares of the business services provider's stock worth $19,732,000 after buying an additional 4,096 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Stantec by 19.2% in the 1st quarter. Hsbc Holdings PLC now owns 255,516 shares of the business services provider's stock worth $21,119,000 after buying an additional 41,182 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STN shares. TD Securities reissued a "buy" rating on shares of Stantec in a research note on Friday, May 16th. CIBC reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Finally, Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec has a consensus rating of "Buy".

Stantec Trading Up 1.0%

STN traded up $1.04 during trading on Wednesday, hitting $108.71. 75,218 shares of the stock traded hands, compared to its average volume of 173,123. The firm has a market capitalization of $12.40 billion, a P/E ratio of 39.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50-day moving average of $109.36 and a 200 day moving average of $98.36. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.50.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be given a dividend of $0.1635 per share. This represents a $0.65 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is currently 23.36%.

Stantec 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.