Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Student Transportation from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research report on Wednesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $6.50 target price on shares of Student Transportation in a research report on Friday, September 22nd. BMO Capital Markets dropped their target price on shares of Student Transportation from $8.25 to $7.60 and set a “market perform” rating for the company in a research report on Friday, September 22nd. Finally, National Bank Financial upgraded shares of Student Transportation from a “sector perform” rating to an “outperform” rating in a research report on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $6.84.

Shares of Student Transportation (NASDAQ:STB) traded down 0.67% during trading on Monday, hitting $5.90. The company had a trading volume of 237,900 shares. The stock has a market cap of $558.32 million, a PE ratio of 84.29 and a beta of 0.74. 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 of $5.98 and a 200 day moving average of $5.95.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in STB. CIBC World Markets Inc. increased its position in shares of Student Transportation by 21.7% in the 2nd quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock valued at $16,618,000 after buying an additional 487,641 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Student Transportation in the 2nd quarter valued at $1,311,000. Renaissance Technologies LLC increased its position in shares of Student Transportation by 10.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,485,671 shares of the transportation company’s stock valued at $8,706,000 after buying an additional 136,427 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Student Transportation by 101.2% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 268,700 shares of the transportation company’s stock valued at $1,630,000 after buying an additional 135,183 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in shares of Student Transportation by 19.9% in the 2nd quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock valued at $4,523,000 after buying an additional 124,087 shares in the last quarter. Institutional investors and hedge funds own 25.61% of the company’s stock.

About Student Transportation

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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