Student Transportation Inc (NASDAQ:STB) Receives Average Rating of “Hold” from Brokerages
Shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $7.08.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Student Transportation from a “sell” rating to a “hold” rating in a report on Thursday. National Bank Financial lowered Student Transportation from an “outperform” rating to a “sector perform” rating in a research note on Friday, June 2nd.
Student Transportation (STB) traded down 0.98% during midday trading on Monday, reaching $6.07. The company’s stock had a trading volume of 279,933 shares. The firm has a 50 day moving average price of $6.00 and a 200-day moving average price of $5.80. The company has a market cap of $573.81 million, a P/E ratio of 78.83 and a beta of 0.76. Student Transportation has a 12-month low of $5.20 and a 12-month high of $6.21.
Student Transportation (NASDAQ:STB) (TSE:STB) last announced its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $185.20 million for the quarter, compared to the consensus estimate of $182.02 million. Student Transportation had a return on equity of 6.89% and a net margin of 1.34%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. On average, equities research analysts predict that Student Transportation will post $0.08 earnings per share for the current fiscal 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 given a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend is Thursday, July 27th. Student Transportation’s dividend payout ratio is currently 488.89%.
Student Transportation declared that its Board of Directors has initiated a stock repurchase program on Friday, May 19th that permits the company to buyback 9,230,000 outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of STB. Russell Investments Group Ltd. acquired a new position in Student Transportation during the fourth quarter valued at $488,000. Renaissance Technologies LLC raised its position in shares of Student Transportation by 14.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,349,244 shares of the transportation company’s stock worth $7,542,000 after buying an additional 169,100 shares in the last quarter. WealthTrust Axiom LLC raised its position in shares of Student Transportation by 14.3% in the first quarter. WealthTrust Axiom LLC now owns 1,017,794 shares of the transportation company’s stock worth $5,964,000 after buying an additional 127,040 shares in the last quarter. PARK CIRCLE Co raised its position in shares of Student Transportation by 1.5% in the first quarter. PARK CIRCLE Co now owns 672,200 shares of the transportation company’s stock worth $3,939,000 after buying an additional 10,000 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of Student Transportation during the first quarter worth approximately $782,000. 25.73% of the stock is owned by institutional investors.
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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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