Student Transportation Inc. (STB) Shares Bought by Swiss National Bank
Swiss National Bank raised its position in shares of Student Transportation Inc. (NASDAQ:STB) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,557 shares of the company’s stock after buying an additional 6,224 shares during the period. Swiss National Bank owned approximately 0.14% of Student Transportation worth $688,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Credit Agricole S A purchased a new stake in Student Transportation during the first quarter worth approximately $507,000. Bank of Montreal Can purchased a new stake in Student Transportation during the second quarter worth approximately $451,000. Finally, Monarch Partners Asset Management LLC boosted its stake in Student Transportation by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 71,920 shares of the company’s stock worth $370,000 after buying an additional 13,480 shares during the period. 21.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Student Transportation Inc. (NASDAQ:STB) remained flat at $5.97 during mid-day trading on Tuesday. The stock had a trading volume of 15,446 shares. The company has a market cap of $548.66 million, a price-to-earnings ratio of 99.50 and a beta of 0.74. Student Transportation Inc. has a 1-year low of $3.02 and a 1-year high of $6.08. The stock has a 50-day moving average of $5.78 and a 200-day moving average of $5.24.
Student Transportation (NASDAQ:STB) last posted its quarterly earnings data on Wednesday, September 14th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The firm earned $166.20 million during the quarter. Student Transportation had a return on equity of 4.40% and a net margin of 1.01%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Analysts anticipate that Student Transportation Inc. will post $0.10 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be given a $0.0367 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.37%. Student Transportation’s payout ratio is 628.57%.
A number of analysts recently commented on STB shares. 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 report on Thursday, September 15th. Zacks Investment Research cut Student Transportation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Scotiabank restated a “sector perform” rating and issued a $6.75 price target (up previously from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Finally, BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a research report on Sunday, September 18th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.00.
About Student Transportation
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