Zacks Investment Research downgraded shares of Student Transportation Inc. (NASDAQ:STB) from a strong-buy rating to a hold rating in a research note published on Tuesday morning.

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. “

A number of other brokerages also recently issued reports on STB. BMO Capital Markets reissued a hold rating on shares of Student Transportation in a report on Sunday. Scotiabank reissued a sector perform rating and issued a $6.75 price target (up from $6.50) on shares of Student Transportation in a report on Sunday, August 21st. Finally, Barrington Research boosted their price target on Student Transportation from $7.00 to $8.00 and gave the company an outperform rating in a report on Thursday, September 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Student Transportation presently has a consensus rating of Hold and an average price target of $7.00.

Shares of Student Transportation (NASDAQ:STB) opened at 5.98 on Tuesday. Student Transportation has a one year low of $3.02 and a one year high of $6.05. The stock has a market capitalization of $549.58 million, a price-to-earnings ratio of 99.67 and a beta of 0.77. The firm’s 50-day moving average is $5.52 and its 200-day moving average is $5.15.

Student Transportation (NASDAQ:STB) last released its earnings results on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Student Transportation had a return on equity of 4.22% and a net margin of 1.01%. The firm earned $166.20 million during the quarter. During the same period last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Student Transportation will post $0.11 EPS for the current 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date is Thursday, October 27th. Student Transportation’s dividend payout ratio (DPR) is presently 628.57%.

Several hedge funds have recently bought and sold shares of STB. Bank of Nova Scotia boosted its stake in Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock worth $124,000 after buying an additional 1,039 shares during the period. Commonwealth Equity Services Inc boosted its stake in Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock worth $155,000 after buying an additional 6,687 shares during the period. Nuveen Fund Advisors LLC acquired a new stake in Student Transportation during the second quarter worth approximately $250,000. UBS Asset Management Americas Inc. boosted its stake in Student Transportation by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock worth $252,000 after buying an additional 1,127 shares during the period. 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. Institutional investors and hedge funds own 21.10% of the company’s stock.

About Student Transportation

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