Student Transportation Inc (NASDAQ:STB) Rating Lowered to Sell at BidaskClub

Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, August 8th.

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

Shares of Student Transportation (NASDAQ:STB) traded up 0.86% during trading on Tuesday, reaching $5.86. The company’s stock had a trading volume of 126,346 shares. The company has a 50 day moving average of $5.97 and a 200 day moving average of $5.84. The company has a market cap of $553.96 million, a PE ratio of 76.10 and a beta of 0.76. Student Transportation has a 12-month low of $5.37 and a 12-month high of $6.21.

Student Transportation declared that its board has authorized a share buyback program 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. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STB. UBS Group AG increased its stake in shares of 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 in the last quarter. Credit Suisse AG increased its stake in shares of 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 in the last quarter. Stifel Financial Corp increased its stake in shares of Student Transportation by 8.0% in the second quarter. Stifel Financial Corp now owns 50,335 shares of the transportation company’s stock worth $302,000 after buying an additional 3,729 shares in the last quarter. Hodges Capital Management Inc. increased its stake in shares of Student Transportation by 1.1% in the first quarter. Hodges Capital Management Inc. now owns 405,350 shares of the transportation company’s stock worth $2,375,000 after buying an additional 4,550 shares in the last quarter. Finally, 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 worth $186,000 after buying an additional 4,669 shares in the last quarter. 25.45% of the stock is currently owned by institutional investors and hedge funds.

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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