Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
Several other brokerages also recently commented on STB. Zacks Investment Research downgraded shares of Student Transportation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. National Bank Financial downgraded shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Student Transportation has a consensus rating of “Hold” and an average price target of $6.88.
Shares of Student Transportation (NASDAQ:STB) opened at 5.92 on Monday. The stock’s 50 day moving average is $6.00 and its 200-day moving average is $5.80. The firm has a market cap of $559.63 million, a price-to-earnings ratio of 76.88 and a beta of 0.76. Student Transportation has a 12-month low of $5.20 and a 12-month high of $6.21.
Student Transportation (NASDAQ:STB) (TSE:STB) last announced its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $185.20 million for the quarter, compared to the consensus estimate of $182.02 million. Student Transportation had a net margin of 1.34% and a return on equity of 6.89%. Student Transportation’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS. On average, analysts anticipate that Student Transportation will post $0.08 EPS for the current fiscal year.
Student Transportation announced that its board has initiated a share buyback plan on Friday, May 19th that allows the company to repurchase 9,230,000 outstanding shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
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Several hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP increased its stake in Student Transportation by 85.3% in the first quarter. Trexquant Investment LP now owns 39,600 shares of the transportation company’s stock worth $232,000 after buying an additional 18,226 shares during the period. Stifel Financial Corp increased its stake in Student Transportation by 26.1% in the first quarter. Stifel Financial Corp now owns 46,606 shares of the transportation company’s stock worth $274,000 after buying an additional 9,651 shares during the period. EJF Capital LLC acquired a new stake in Student Transportation during the first quarter worth about $292,000. UBS Group AG increased its stake in Student Transportation by 2.7% in the first quarter. UBS Group AG now owns 51,403 shares of the transportation company’s stock worth $301,000 after buying an additional 1,355 shares during the period. Finally, Credit Suisse AG increased its stake in Student Transportation by 5.1% in the first quarter. Credit Suisse AG now owns 60,783 shares of the transportation company’s stock worth $356,000 after buying an additional 2,938 shares during the period. Institutional investors own 25.73% of the company’s stock.
About Student Transportation
Student Transportation Inc is 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 various services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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