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

STB has been the topic of several other reports. Barrington Research raised their target price on shares of Student Transportation from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Thursday, September 15th. Scotiabank reissued a “sector perform” rating and issued a $6.75 target price (up from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Finally, BMO Capital Markets reissued a “hold” rating on shares of Student Transportation in a research report on Sunday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Student Transportation presently has a consensus rating of “Hold” and a consensus price target of $7.00.

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

Student Transportation (NASDAQ:STB) last released its earnings results on Wednesday, September 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Student Transportation had a net margin of 1.01% and a return on equity of 4.22%. The business had revenue of $166.20 million for the quarter. During the same period in the prior year, the business posted $0.07 earnings per share. Student Transportation’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Student Transportation will post $0.11 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be given a dividend of $0.0367 per share. The ex-dividend date is Thursday, October 27th. This represents a $0.44 dividend on an annualized basis and a yield of 7.32%. Student Transportation’s dividend payout ratio (DPR) is 628.57%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia boosted its position in shares of Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock worth $124,000 after buying an additional 1,039 shares during the period. Commonwealth Equity Services Inc boosted its position in shares of Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock worth $155,000 after buying an additional 6,687 shares during the period. Nuveen Fund Advisors LLC acquired a new position in shares of Student Transportation during the second quarter worth $250,000. UBS Asset Management Americas Inc. boosted its position in shares of Student Transportation by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock worth $252,000 after buying an additional 1,127 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Student Transportation by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 71,920 shares of the company’s stock worth $370,000 after buying an additional 13,480 shares during the period. 21.10% of the stock is currently owned by hedge funds and other institutional investors.

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