Trexquant Investment LP Takes $1.56 Million Position 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 acquired a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,838 shares of the business services provider's stock, valued at approximately $1,561,000.

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

Stantec Stock Up 3.0%

STN traded up $3.22 during midday trading on Thursday, reaching $112.31. The company's stock had a trading volume of 157,908 shares, compared to its average volume of 184,691. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 40.99 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. The stock's 50-day moving average is $109.41 and its 200-day moving average is $98.68.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting analysts' consensus estimates of $0.98. The business had revenue of $1.17 billion for 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. As a group, research analysts expect 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. Stockholders of record on Monday, September 29th will be issued a dividend of $0.1635 per share. The ex-dividend date is Monday, September 29th. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. Stantec's dividend payout ratio is currently 24.09%.

Analyst Ratings Changes

STN has been the topic of a number of analyst reports. CIBC restated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. TD Securities reiterated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

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.