Student Transportation Inc (STB) Downgraded to Sell at Zacks Investment Research
Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
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. “
Separately, National Bank Financial lowered shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.88.
Shares of Student Transportation (STB) traded up 0.50% during mid-day trading on Thursday, reaching $6.09. 88,515 shares of the company’s stock traded hands. The stock has a market capitalization of $575.70 million, a PE ratio of 79.09 and a beta of 0.76. Student Transportation has a 12-month low of $5.08 and a 12-month high of $6.14. The company’s 50-day moving average price is $5.94 and its 200-day moving average price is $5.75.
Student Transportation (NASDAQ:STB) (TSE:STB) last posted its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Student Transportation had a net margin of 1.34% and a return on equity of 6.89%. The business had revenue of $185.20 million during the quarter, compared to analysts’ expectations of $182.02 million. During the same quarter in the prior year, the company posted $0.04 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts anticipate that Student Transportation will post $0.08 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a $0.0367 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.44 annualized dividend and a dividend yield of 7.26%. Student Transportation’s dividend payout ratio is currently 488.89%.
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A number of large investors have recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in Student Transportation during the fourth quarter worth about $119,000. Stifel Financial Corp raised its stake in Student Transportation by 26.1% in the first quarter. Stifel Financial Corp now owns 46,606 shares of the transportation company’s stock worth $274,000 after buying an additional 9,651 shares during the period. EJF Capital LLC acquired a new stake in Student Transportation during the first quarter worth about $292,000. UBS Group AG raised its stake 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. Finally, Credit Suisse AG raised its stake 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. Institutional investors own 25.73% of the company’s stock.
Student Transportation Company Profile
Student Transportation Inc is 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 various services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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