Student Transportation Inc (STB) Upgraded at Zacks Investment Research
Student Transportation Inc (NASDAQ:STB) (TSE:STB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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 downgraded Student Transportation from an “outperform” rating to a “sector perform” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.88.
Student Transportation (STB) traded down 0.32% during midday trading on Thursday, reaching $6.16. The company’s stock had a trading volume of 102,952 shares. Student Transportation has a 12-month low of $5.20 and a 12-month high of $6.21. The stock’s 50 day moving average is $6.00 and its 200 day moving average is $5.79. The stock has a market cap of $582.32 million, a P/E ratio of 80.00 and a beta of 0.76.
Student Transportation (NASDAQ:STB) (TSE:STB) last announced its 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 return on equity of 6.89% and a net margin of 1.34%. The company had revenue of $185.20 million for the quarter, compared to the consensus estimate of $182.02 million. During the same period last year, the business posted $0.04 EPS. The company’s revenue 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.
Student Transportation announced that its board has authorized a share buyback plan on Friday, May 19th that allows the company to repurchase 9,230,000 outstanding shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of hedge funds have recently bought and sold shares of STB. Trexquant Investment LP increased its stake in Student Transportation by 85.3% in the first quarter. Trexquant Investment LP now owns 39,600 shares of the transportation company’s stock worth $232,000 after buying an additional 18,226 shares during the last quarter. Stifel Financial Corp increased 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 last quarter. EJF Capital LLC purchased a new stake in Student Transportation during the first quarter worth approximately $292,000. UBS Group AG increased 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 last quarter. Finally, Credit Suisse AG increased 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 last quarter. 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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