Student Transportation Inc (STB) Earns “Buy” Rating from Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) in a research note issued to investors on Friday morning. Stifel Nicolaus currently has a $6.50 price objective on the transportation company’s stock.
STB has been the subject of several other research reports. Zacks Investment Research upgraded Student Transportation from a sell rating to a hold rating in a report on Thursday, July 20th. BidaskClub lowered Student Transportation from a hold rating to a sell rating in a report on Tuesday, August 8th. BMO Capital Markets decreased their price objective on Student Transportation from $8.25 to $7.60 and set a market perform rating for the company in a report on Friday. Finally, National Bank Financial upgraded Student Transportation from a sector perform rating to an outperform rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $6.84.
Shares of Student Transportation (NASDAQ STB) opened at 5.97 on Friday. Student Transportation has a 12-month low of $5.39 and a 12-month high of $6.21. The company has a market cap of $564.36 million, a price-to-earnings ratio of 85.29 and a beta of 0.75. The firm has a 50 day moving average price of $5.91 and a 200-day moving average price of $5.90.
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The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.0367 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.44 annualized dividend and a dividend yield of 7.37%. Student Transportation’s dividend payout ratio is presently 628.66%.
Several institutional investors and hedge funds have recently modified their holdings of STB. Russell Investments Group Ltd. lifted its holdings in shares of Student Transportation by 14.0% during the 1st quarter. Russell Investments Group Ltd. now owns 100,680 shares of the transportation company’s stock valued at $590,000 after purchasing an additional 12,367 shares during the last quarter. Trexquant Investment LP raised its stake in Student Transportation by 85.3% in the 1st quarter. Trexquant Investment LP now owns 39,600 shares of the transportation company’s stock worth $232,000 after acquiring an additional 18,226 shares during the last quarter. Stifel Financial Corp raised its stake in Student Transportation by 26.1% in the 1st quarter. Stifel Financial Corp now owns 46,606 shares of the transportation company’s stock worth $274,000 after acquiring an additional 9,651 shares during the last quarter. Global X Management Co. LLC purchased a new position in Student Transportation in the 1st quarter worth $8,006,000. Finally, UBS Group AG raised its stake in Student Transportation by 2.7% in the 1st quarter. UBS Group AG now owns 51,403 shares of the transportation company’s stock worth $301,000 after acquiring an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 25.70% of the company’s stock.
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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