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

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

Several other analysts also recently issued reports on STB. Zacks Investment Research upgraded 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.88.

Shares of Student Transportation (STB) traded up 0.86% during midday trading on Monday, reaching $5.86. The company’s stock had a trading volume of 126,346 shares. The firm has a market cap of $553.96 million, a price-to-earnings ratio of 76.10 and a beta of 0.76. The company has a 50-day moving average price of $5.97 and a 200-day moving average price of $5.84. 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 approved a share repurchase program on Friday, May 19th that allows the company to buyback 9,230,000 shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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Several institutional investors have recently bought and sold shares of STB. UBS Group AG boosted its position 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. Credit Suisse AG boosted its position 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. Stifel Financial Corp boosted its position 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 during the last quarter. Hodges Capital Management Inc. boosted its position 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 during the last quarter. Finally, Vanguard Group Inc. boosted its position 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 during the last quarter. 25.45% of the stock is owned by institutional investors.

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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