BidaskClub Lowers Student Transportation Inc (STB) to Sell

BidaskClub downgraded shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) from a hold rating to a sell rating in a report issued on Wednesday morning.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Student Transportation from $8.25 to $7.60 and set a market perform rating for the company in a research note on Friday, September 22nd. Zacks Investment Research downgraded shares of Student Transportation from a buy rating to a hold rating in a research note on Tuesday, September 19th. Stifel Nicolaus reissued a buy rating and issued a $6.50 target price on shares of Student Transportation in a research note on Friday, September 22nd. Finally, National Bank Financial raised shares of Student Transportation from a sector perform rating to an outperform rating in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $6.84.

Student Transportation (STB) opened at $5.74 on Wednesday. The stock has a market capitalization of $543.67, a price-to-earnings ratio of 48.33 and a beta of 0.75. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.83 and a current ratio of 1.91. Student Transportation has a one year low of $5.39 and a one year high of $6.21.

Student Transportation (NASDAQ:STB) (TSE:STB) last released its quarterly earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $107.43 million during 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%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.13) EPS. research analysts forecast that Student Transportation will post 0.12 earnings per share for the current fiscal year.

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The company also recently announced 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 7.67%. The ex-dividend date of this dividend is Wednesday, March 28th. Student Transportation’s payout ratio is currently 366.67%.

Large investors have recently modified their holdings of the company. CIBC World Markets Inc. grew its holdings in shares of Student Transportation by 21.7% during the 2nd quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock worth $16,618,000 after purchasing an additional 487,641 shares during the period. Royal Bank of Canada grew its holdings in shares of Student Transportation by 15.7% during the 2nd quarter. Royal Bank of Canada now owns 271,399 shares of the transportation company’s stock worth $1,647,000 after purchasing an additional 36,803 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Student Transportation during the 2nd quarter worth about $1,311,000. Scotia Capital Inc. grew its holdings in shares of Student Transportation by 19.9% during the 2nd quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock worth $4,523,000 after purchasing an additional 124,087 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Student Transportation by 13.9% during the 2nd quarter. Swiss National Bank now owns 153,457 shares of the transportation company’s stock worth $930,000 after purchasing an additional 18,700 shares during the period. Institutional investors and hedge funds own 26.18% of the company’s stock.

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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