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

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. “

Other analysts have also issued reports about the stock. BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a research report on Sunday, September 18th. Raymond James Financial, Inc. initiated coverage on shares of Student Transportation in a research report on Friday, December 2nd. They issued an “outperform” rating and a $6.50 price target on the stock. Finally, Barrington Research raised their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Student Transportation currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Shares of Student Transportation (NASDAQ:STB) opened at 5.59 on Wednesday. Student Transportation has a 52 week low of $3.03 and a 52 week high of $6.08. The firm has a 50 day moving average of $5.71 and a 200 day moving average of $5.60. The firm has a market cap of $514.47 million, a price-to-earnings ratio of 143.33 and a beta of 0.76.

Student Transportation (NASDAQ:STB) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.02. The company earned $102.18 million during the quarter, compared to analyst estimates of $101.30 million. Student Transportation had a return on equity of 3.52% and a net margin of 0.63%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Equities analysts predict that Student Transportation will post $0.09 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.0367 per share. The ex-dividend date of this dividend is Friday, February 24th. This represents a $0.44 annualized dividend and a dividend yield of 7.87%. Student Transportation’s dividend payout ratio (DPR) is currently 1,100.00%.

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Several hedge funds have recently modified their holdings of the stock. Bank of Nova Scotia raised its stake in shares of Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock valued at $124,000 after buying an additional 1,039 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Student Transportation by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock valued at $252,000 after buying an additional 1,127 shares during the period. Royal Bank of Canada raised its stake in shares of Student Transportation by 2.0% in the second quarter. Royal Bank of Canada now owns 250,707 shares of the company’s stock valued at $1,289,000 after buying an additional 4,868 shares during the period. Swiss National Bank raised its stake in shares of Student Transportation by 4.8% in the second quarter. Swiss National Bank now owns 134,557 shares of the company’s stock valued at $688,000 after buying an additional 6,224 shares during the period. Finally, Commonwealth Equity Services Inc raised its stake in shares of Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock valued at $155,000 after buying an additional 6,687 shares during the period. Institutional investors and hedge funds own 22.74% of the company’s stock.

Student Transportation Company Profile

Student Transportation Inc is engaged in providing school bus transportation services in North America. The Company operates through two segments: transportation, and oil and gas. The transportation segment provides school bus and management services to public and private schools in North America. The oil and gas segment represents the Company’s investments as a non-operator in oil and gas interests.

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