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

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. “

Separately, BidaskClub downgraded Student Transportation from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.12.

Student Transportation (STB) traded down $0.07 during midday trading on Friday, hitting $5.70. The company had a trading volume of 88,312 shares, compared to its average volume of 187,903. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.83 and a current ratio of 1.91. Student Transportation has a 12 month low of $5.42 and a 12 month high of $6.28. The firm has a market cap of $547.47, a P/E ratio of 47.67 and a beta of 0.64.

Student Transportation (NASDAQ:STB) (TSE:STB) last released its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. Student Transportation had a return on equity of 8.30% and a net margin of 1.59%. The company had revenue of $107.43 million for the quarter, compared to the consensus estimate of $106.57 million. During the same quarter last year, the business posted ($0.13) EPS. Student Transportation’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts anticipate that Student Transportation will post 0.12 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Stifel Financial Corp raised its position in shares of Student Transportation by 8.0% in the 2nd quarter. Stifel Financial Corp now owns 50,335 shares of the transportation company’s stock worth $302,000 after acquiring an additional 3,729 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Student Transportation by 20.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock worth $186,000 after acquiring an additional 4,669 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Student Transportation by 12.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 54,729 shares of the transportation company’s stock worth $331,000 after acquiring an additional 6,161 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Student Transportation by 56.8% in the 2nd quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock worth $135,000 after acquiring an additional 8,057 shares in the last quarter. Finally, CIBC World Markets Inc. raised its position in shares of Student Transportation by 0.8% in the 4th quarter. CIBC World Markets Inc. now owns 1,305,670 shares of the transportation company’s stock worth $8,017,000 after acquiring an additional 10,204 shares in the last quarter. 25.82% of the stock is owned by hedge funds and other institutional investors.

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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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