Student Transportation Inc. (NASDAQ:STB) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada. “

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reiterated a “hold” rating on shares of Student Transportation in a report on Sunday. Barrington Research initiated coverage on Student Transportation in a report on Thursday, July 21st. They issued an “outperform” rating and a $7.50 price objective on the stock. Finally, Scotiabank reiterated a “sector perform” rating and issued a $6.75 price objective (up previously from $6.50) on shares of Student Transportation in a report on Sunday, August 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Student Transportation presently has an average rating of “Hold” and an average price target of $7.00.

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Student Transportation (NASDAQ:STB) opened at 6.01 on Tuesday. Student Transportation has a 52 week low of $3.02 and a 52 week high of $6.05. The stock has a market capitalization of $581.58 million, a PE ratio of 100.17 and a beta of 0.77. The stock has a 50 day moving average price of $5.50 and a 200 day moving average price of $5.14.

Student Transportation (NASDAQ:STB) last posted its quarterly earnings data on Wednesday, September 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $166.20 million for the quarter. Student Transportation had a return on equity of 4.22% and a net margin of 1.01%. Student Transportation’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Equities analysts forecast that Student Transportation will post $0.11 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a $0.0367 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.44 annualized dividend and a dividend yield of 7.32%. Student Transportation’s dividend payout ratio is presently 628.57%.

Several large investors have recently bought and sold shares of STB. Bank of Nova Scotia increased its stake in Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock valued at $124,000 after buying an additional 1,039 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock valued at $155,000 after buying an additional 6,687 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new stake in Student Transportation during the second quarter valued at about $250,000. UBS Asset Management Americas Inc. increased its stake in Student Transportation by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock valued at $252,000 after buying an additional 1,127 shares in the last quarter. Finally, Monarch Partners Asset Management LLC increased its stake in Student Transportation by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 71,920 shares of the company’s stock valued at $370,000 after buying an additional 13,480 shares in the last quarter. Hedge funds and other institutional investors own 21.10% of the company’s stock.

About Student Transportation

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