BidaskClub downgraded shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) from a buy rating to a hold rating in a research report released on Monday morning.
A number of other analysts also recently issued reports on the stock. National Bank Financial downgraded shares of Student Transportation from an outperform rating to a sector perform rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Student Transportation from a hold rating to a buy rating and set a $6.75 target price on the stock in a research report on Friday, September 15th.
Shares of Student Transportation (NASDAQ STB) traded down 1.81% during midday trading on Monday, hitting $5.98. The stock had a trading volume of 173,325 shares. The stock’s 50-day moving average price is $5.91 and its 200 day moving average price is $5.90. Student Transportation has a 52 week low of $5.39 and a 52 week high of $6.21. The company has a market cap of $565.30 million, a price-to-earnings ratio of 77.66 and a beta of 0.75.
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The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.0367 per share. This represents a $0.44 annualized dividend and a yield of 7.23%. The ex-dividend date is Monday, October 30th. Student Transportation’s payout ratio is currently 628.66%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of Student Transportation in the second quarter worth approximately $109,000. Wedbush Securities Inc. raised its holdings in shares of Student Transportation by 40.3% during the second quarter. Wedbush Securities Inc. now owns 21,603 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 6,203 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Student Transportation by 56.8% during the second quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 8,057 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Student Transportation by 20.1% during the second quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 4,669 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new position in shares of Student Transportation during the second quarter valued at approximately $215,000. Hedge funds and other institutional investors own 25.70% 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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