Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by Zacks Investment Research from a “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. “

Several other brokerages have also issued reports on STB. BidaskClub lowered Student Transportation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. National Bank Financial lowered Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 2nd.

Student Transportation (NASDAQ STB) opened at 5.83 on Tuesday. The company has a market capitalization of $551.12 million, a P/E ratio of 75.71 and a beta of 0.75. Student Transportation has a 12 month low of $5.39 and a 12 month high of $6.21. The firm has a 50-day moving average price of $5.91 and a 200 day moving average price of $5.90.

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Large investors have recently made changes to their positions in the stock. CIBC World Markets boosted its position in Student Transportation by 1.1% during the fourth quarter. CIBC World Markets now owns 1,735,073 shares of the transportation company’s stock valued at $6,437,000 after buying an additional 18,076 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of Student Transportation by 2.3% during the fourth quarter. WealthTrust Axiom LLC now owns 889,946 shares of the transportation company’s stock worth $3,301,000 after purchasing an additional 20,011 shares during the period. CIBC World Markets Inc. boosted its holdings in shares of Student Transportation by 14.0% during the first quarter. CIBC World Markets Inc. now owns 1,978,700 shares of the transportation company’s stock worth $10,032,000 after purchasing an additional 243,627 shares during the period. Credit Agricole S A purchased a new stake in shares of Student Transportation during the first quarter worth about $507,000. Finally, UBS Group AG boosted its holdings in shares of Student Transportation by 10.8% during the first quarter. UBS Group AG now owns 53,717 shares of the transportation company’s stock worth $272,000 after purchasing an additional 5,257 shares during the period. Institutional investors own 25.70% of the company’s stock.

Student Transportation Company Profile

Student Transportation Inc is a Canada-based company 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 services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.

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