Student Transportation (STB) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Student Transportation (NASDAQ:STB) (TSE:STB) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

STB has been the subject of a number of other research reports. Zacks Investment Research upgraded Student Transportation from a hold rating to a buy rating and set a $6.50 price target for the company in a report on Friday, December 1st. National Bank Financial upgraded Student Transportation from a sector perform rating to an outperform rating in a report on Thursday, September 21st. Stifel Nicolaus reiterated a buy rating and set a $6.50 price target on shares of Student Transportation in a report on Friday, September 22nd. Finally, BMO Capital Markets reduced their price target on Student Transportation from $8.25 to $7.60 and set a market perform rating for the company in a report on Friday, September 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $6.87.

Shares of Student Transportation (STB) opened at $5.87 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 1.91 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $553.16, a PE ratio of 48.58 and a beta of 0.70. Student Transportation has a 12-month low of $5.39 and a 12-month high of $6.21.

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

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date is Wednesday, March 28th. Student Transportation’s dividend payout ratio is presently 366.67%.

Several large investors have recently modified their holdings of STB. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Student Transportation in the second quarter valued at approximately $109,000. Trexquant Investment LP raised its position in shares of Student Transportation by 105.6% in the third quarter. Trexquant Investment LP now owns 20,561 shares of the transportation company’s stock valued at $123,000 after buying an additional 10,561 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Student Transportation by 40.3% in the second quarter. Wedbush Securities Inc. now owns 21,603 shares of the transportation company’s stock valued at $131,000 after buying an additional 6,203 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Student Transportation by 56.8% in the second quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock valued at $135,000 after buying an additional 8,057 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Student Transportation by 20.1% in the second quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock valued at $186,000 after buying an additional 4,669 shares in the last quarter. Institutional investors own 25.89% of the company’s stock.

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About Student Transportation

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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