Trexquant Investment LP Buys Shares of 9,805 Stantec Inc. (STN)

Trexquant Investment LP bought a new position in Stantec Inc. (NYSE:STN) (TSE:STN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,805 shares of the business services provider’s stock, valued at approximately $272,000.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Stantec by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 102,219 shares of the business services provider’s stock valued at $2,653,000 after acquiring an additional 5,114 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Stantec by 26.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 452,703 shares of the business services provider’s stock valued at $12,535,000 after acquiring an additional 94,274 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Stantec by 18.1% in the third quarter. Russell Investments Group Ltd. now owns 383,258 shares of the business services provider’s stock valued at $10,609,000 after acquiring an additional 58,704 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of Stantec by 5.4% in the third quarter. Mawer Investment Management Ltd. now owns 2,782,756 shares of the business services provider’s stock valued at $77,277,000 after acquiring an additional 141,970 shares in the last quarter. Finally, Highstreet Asset Management Inc. bought a new position in shares of Stantec in the third quarter valued at approximately $442,000. Institutional investors and hedge funds own 54.37% of the company’s stock.

Several research firms have recently issued reports on STN. Zacks Investment Research cut shares of Stantec from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada started coverage on shares of Stantec in a report on Monday, October 23rd. They set a “sector perform” rating and a $40.00 target price for the company. BidaskClub upgraded shares of Stantec from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.00.

Shares of Stantec Inc. (NYSE STN) traded down $0.25 during trading hours on Thursday, reaching $26.75. 8,200 shares of the company were exchanged, compared to its average volume of 22,052. The company has a market capitalization of $3,076.52, a PE ratio of 19.71 and a beta of 1.57. Stantec Inc. has a 1 year low of $22.25 and a 1 year high of $28.90. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.33.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a dividend of $0.098 per share. This represents a $0.39 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, December 28th. Stantec’s payout ratio is 51.95%.

Stantec announced that its Board of Directors has authorized a share buyback program on Thursday, November 9th that allows the company to buyback 2,280,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Stantec Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Institutional Ownership by Quarter for Stantec (NYSE:STN)

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