Global X Management Co. LLC Boosts Stake in Student Transportation Inc (NASDAQ:STB)
Global X Management Co. LLC boosted its position in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,442,275 shares of the transportation company’s stock after buying an additional 76,052 shares during the period. Global X Management Co. LLC’s holdings in Student Transportation were worth $8,755,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Student Transportation by 14.0% in the first quarter. Russell Investments Group Ltd. now owns 100,680 shares of the transportation company’s stock worth $590,000 after buying an additional 12,367 shares in the last quarter. WealthTrust Axiom LLC raised its stake in shares of Student Transportation by 14.3% in the first quarter. WealthTrust Axiom LLC now owns 1,017,794 shares of the transportation company’s stock worth $5,964,000 after buying an additional 127,040 shares in the last quarter. PARK CIRCLE Co raised its stake in shares of Student Transportation by 1.5% in the first quarter. PARK CIRCLE Co now owns 672,200 shares of the transportation company’s stock worth $3,939,000 after buying an additional 10,000 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Student Transportation during the first quarter worth $782,000. Finally, Monarch Partners Asset Management LLC raised its stake in shares of Student Transportation by 7.5% in the first quarter. Monarch Partners Asset Management LLC now owns 520,309 shares of the transportation company’s stock worth $3,049,000 after buying an additional 36,270 shares in the last quarter. Institutional investors and hedge funds own 25.43% of the company’s stock.
Shares of Student Transportation Inc (NASDAQ STB) opened at 5.70 on Friday. The company has a market cap of $538.83 million, a price-to-earnings ratio of 74.03 and a beta of 0.76. Student Transportation Inc has a 12 month low of $5.31 and a 12 month high of $6.21. The company’s 50-day moving average price is $6.00 and its 200-day moving average price is $5.83.
Student Transportation (NASDAQ:STB) (TSE:STB) last released its earnings results on Wednesday, May 10th. The transportation company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $185.20 million for the quarter, compared to analysts’ expectations of $182.02 million. Student Transportation had a return on equity of 6.89% and a net margin of 1.34%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Analysts anticipate that Student Transportation Inc will post $0.08 EPS for the current year.
Student Transportation declared that its board has approved a share buyback plan on Friday, May 19th that permits the company to repurchase 9,230,000 outstanding shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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A number of equities research analysts recently weighed in on STB shares. National Bank Financial lowered Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Student Transportation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, BidaskClub lowered Student Transportation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.88.
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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