Student Transportation Inc (NASDAQ:STB) (TSE:STB) – Stock analysts at National Bank Financial lifted their FY2018 earnings per share estimates for shares of Student Transportation in a research report issued on Sunday. National Bank Financial analyst G. Colman now forecasts that the transportation company will post earnings per share of $0.24 for the year, up from their prior forecast of $0.07. National Bank Financial also issued estimates for Student Transportation’s FY2019 earnings at $0.15 EPS.
A number of other analysts have also recently weighed in on the company. BidaskClub cut Student Transportation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded Student Transportation from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Student Transportation currently has an average rating of “Hold” and a consensus target price of $7.12.
The business also recently declared a monthly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 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 7.26%. The ex-dividend date of this dividend is Wednesday, May 30th. Student Transportation’s payout ratio is 169.24%.
Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Student Transportation in the 4th quarter valued at approximately $102,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Student Transportation in the 2nd quarter valued at approximately $109,000. SG Americas Securities LLC acquired a new stake in Student Transportation in the 4th quarter valued at approximately $110,000. Trexquant Investment LP increased its position in Student Transportation by 105.6% in the 3rd quarter. Trexquant Investment LP now owns 20,561 shares of the transportation company’s stock valued at $123,000 after acquiring an additional 10,561 shares during the period. Finally, Toronto Dominion Bank increased its position in Student Transportation by 56.8% in the 2nd quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 8,057 shares during the period. Institutional investors and hedge funds own 25.14% 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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