BidaskClub Lowers Student Transportation Inc (NASDAQ:STB) to Hold

Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Monday, July 24th.

STB has been the topic of several other research reports. Zacks Investment Research raised Student Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. National Bank Financial downgraded Student Transportation from an “outperform” rating to a “sector perform” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Student Transportation has a consensus rating of “Hold” and an average target price of $6.88.

Shares of Student Transportation (STB) opened at 5.73 on Monday. The stock’s 50 day moving average price is $6.00 and its 200-day moving average price is $5.83. Student Transportation has a 1-year low of $5.32 and a 1-year high of $6.21. The company has a market capitalization of $541.67 million, a PE ratio of 74.42 and a beta of 0.76.

Student Transportation (NASDAQ:STB) (TSE:STB) last posted its quarterly earnings data on Wednesday, May 10th. The transportation company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Student Transportation had a return on equity of 6.89% and a net margin of 1.34%. The firm had revenue of $185.20 million for the quarter, compared to the consensus estimate of $182.02 million. During the same quarter last year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts predict that Student Transportation will post $0.08 EPS for the current year.

Student Transportation announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 19th that allows the company to buyback 9,230,000 outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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Hedge funds have recently modified their holdings of the stock. Virtu KCG Holdings LLC acquired a new stake in shares of Student Transportation during the second quarter valued at about $215,000. Vanguard Group Inc. increased its stake in shares of Student Transportation by 20.1% in the second quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock valued at $186,000 after buying an additional 4,669 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Student Transportation by 12.7% in the second quarter. UBS Asset Management Americas Inc. now owns 54,729 shares of the transportation company’s stock valued at $331,000 after buying an additional 6,161 shares during the period. CIBC World Markets Inc. increased its stake in shares of Student Transportation by 21.7% in the second quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock valued at $16,618,000 after buying an additional 487,641 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Student Transportation during the second quarter valued at about $1,311,000. 25.43% of the stock is currently owned by institutional investors.

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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