Student Transportation Inc. (NASDAQ:STB) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada. “

A number of other equities analysts have also recently weighed in on STB. BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a research report on Sunday. Barrington Research upped their price objective on shares of Student Transportation from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Thursday, September 15th. Finally, Scotiabank restated a “sector perform” rating and set a $6.75 price objective (up from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Student Transportation presently has an average rating of “Hold” and a consensus target price of $7.00.

Student Transportation (NASDAQ:STB) opened at 6.04 on Tuesday. The firm has a 50 day moving average of $5.54 and a 200-day moving average of $5.16. Student Transportation has a 52 week low of $3.02 and a 52 week high of $6.07. The stock has a market capitalization of $555.09 million, a PE ratio of 100.67 and a beta of 0.77.

Student Transportation (NASDAQ:STB) last released its quarterly earnings data on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $166.20 million for the quarter. Student Transportation had a net margin of 1.01% and a return on equity of 4.22%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. On average, equities analysts predict that Student Transportation will post $0.10 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be issued a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Thursday, October 27th. Student Transportation’s payout ratio is 628.57%.

Several large investors have recently added to or reduced their stakes in STB. Guardian Capital LP acquired a new stake in Student Transportation during the second quarter worth about $1,404,000. Nuveen Fund Advisors LLC acquired a new stake in Student Transportation during the second quarter worth about $250,000. Spark Investment Management LLC acquired a new stake in Student Transportation during the second quarter worth about $1,222,000. Scotia Capital Inc. raised its stake in Student Transportation by 2.7% in the second quarter. Scotia Capital Inc. now owns 595,224 shares of the company’s stock worth $3,046,000 after buying an additional 15,371 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock worth $124,000 after buying an additional 1,039 shares during the last quarter. 21.10% of the stock is owned by institutional investors and hedge funds.

Student Transportation Company Profile

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