Student Transportation Inc (STB) Given “Buy” Rating at Stifel Nicolaus
Stifel Nicolaus reiterated their buy rating on shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) in a report issued on Friday morning. Stifel Nicolaus currently has a $6.50 target price on the transportation company’s stock.
A number of other equities analysts also recently weighed in on STB. BMO Capital Markets cut their price target on shares of Student Transportation from $8.25 to $7.60 and set a market perform rating on the stock in a report on Friday. BidaskClub downgraded shares of Student Transportation from a hold rating to a sell rating in a report on Tuesday, August 8th. National Bank Financial downgraded shares of Student Transportation from an outperform rating to a sector perform rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Student Transportation from a sell rating to a hold rating in a report on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $6.84.
Shares of Student Transportation (NASDAQ STB) traded down 1.97% during trading on Friday, hitting $5.97. 396,072 shares of the stock traded hands. The stock has a 50 day moving average price of $5.91 and a 200-day moving average price of $5.90. The stock has a market cap of $564.36 million, a price-to-earnings ratio of 85.29 and a beta of 0.75. Student Transportation has a 1-year low of $5.39 and a 1-year high of $6.21.
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The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.0367 per share. This represents a $0.44 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend is Monday, October 30th. Student Transportation’s dividend payout ratio (DPR) is presently 628.66%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STB. Global X Management Co. LLC purchased a new stake in Student Transportation during the first quarter valued at about $8,006,000. CIBC World Markets Inc. lifted its holdings in Student Transportation by 21.7% during the second quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock valued at $16,618,000 after purchasing an additional 487,641 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Student Transportation during the second quarter valued at about $1,311,000. Renaissance Technologies LLC lifted its holdings in Student Transportation by 10.1% during the first quarter. Renaissance Technologies LLC now owns 1,485,671 shares of the transportation company’s stock valued at $8,706,000 after purchasing an additional 136,427 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Student Transportation by 101.2% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 268,700 shares of the transportation company’s stock valued at $1,630,000 after purchasing an additional 135,183 shares during the last quarter. 25.70% of the stock is currently owned by institutional investors and hedge funds.
Student Transportation Company Profile
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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