WealthTrust Axiom LLC Has $4,629,000 Stake in Student Transportation Inc. (STB)
WealthTrust Axiom LLC lowered its stake in Student Transportation Inc. (NASDAQ:STB) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 900,777 shares of the company’s stock after selling 6,030 shares during the period. Student Transportation makes up approximately 1.8% of WealthTrust Axiom LLC’s holdings, making the stock its 13th largest position. WealthTrust Axiom LLC owned about 0.93% of Student Transportation worth $4,629,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in STB. Bank of Montreal Can acquired a new stake in Student Transportation during the second quarter valued at about $451,000. Credit Agricole S A acquired a new stake in Student Transportation during the first quarter valued at about $507,000. Renaissance Technologies LLC raised its stake in Student Transportation by 14.9% in the first quarter. Renaissance Technologies LLC now owns 761,944 shares of the company’s stock valued at $3,865,000 after buying an additional 98,844 shares in the last quarter. Finally, CIBC World Markets Inc. raised its stake in Student Transportation by 14.0% in the first quarter. CIBC World Markets Inc. now owns 1,978,700 shares of the company’s stock valued at $10,032,000 after buying an additional 243,627 shares in the last quarter. Institutional investors and hedge funds own 21.10% of the company’s stock.
Shares of Student Transportation Inc. (NASDAQ:STB) remained flat at $6.04 during trading on Thursday. The company had a trading volume of 219,660 shares. The firm has a market capitalization of $555.09 million, a P/E ratio of 100.67 and a beta of 0.77. The firm has a 50 day moving average of $5.57 and a 200 day moving average of $5.16. Student Transportation Inc. has a 52-week low of $3.02 and a 52-week high of $6.08.
Student Transportation (NASDAQ:STB) last issued its earnings results on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company earned $166.20 million during the quarter. Student Transportation had a return on equity of 4.22% and a net margin of 1.01%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, equities research analysts forecast that Student Transportation Inc. will post $0.10 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.0367 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.44 annualized dividend and a dividend yield of 7.29%. Student Transportation’s dividend payout ratio is presently 628.57%.
Several research firms have issued reports on STB. Zacks Investment Research lowered Student Transportation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a research note on Sunday. Barrington Research upped their price objective on Student Transportation from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, September 15th. Finally, Scotiabank restated a “sector perform” rating and issued a $6.75 price objective (up previously from $6.50) on shares of Student Transportation in a research note on Sunday, August 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.00.
Student Transportation Company Profile
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