Student Transportation Inc. (NASDAQ:STB) had its target price upped by Barrington Research from $7.00 to $8.00 in a research report released on Thursday morning. Barrington Research currently has an outperform rating on the stock.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Student Transportation from a hold rating to a buy rating and set a $5.75 target price for the company in a report on Wednesday, July 6th. Scotiabank reaffirmed a sector perform rating and issued a $6.75 target price (up from $6.50) on shares of Student Transportation in a report on Sunday, August 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $7.00.
Student Transportation (NASDAQ:STB) opened at 6.01 on Thursday. The company has a market cap of $581.58 million, a price-to-earnings ratio of 100.17 and a beta of 0.77. Student Transportation has a 1-year low of $3.02 and a 1-year high of $6.05. The firm’s 50-day moving average price is $5.50 and its 200-day moving average price is $5.14.
Student Transportation (NASDAQ:STB) last issued its quarterly earnings data on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm earned $166.20 million during the quarter. Student Transportation had a return on equity of 4.22% and a net margin of 1.01%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities research analysts forecast that Student Transportation will post $0.11 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be paid a $0.0367 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.44 annualized dividend and a yield of 7.32%. Student Transportation’s payout ratio is 628.57%.
A number of institutional investors have recently bought and sold shares of STB. Bank of Nova Scotia increased its position in Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock valued at $124,000 after buying an additional 1,039 shares during the last quarter. Commonwealth Equity Services Inc increased its position in Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock valued at $155,000 after buying an additional 6,687 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new position in Student Transportation during the second quarter valued at approximately $250,000. UBS Asset Management Americas Inc. increased its position in Student Transportation by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock valued at $252,000 after buying an additional 1,127 shares during the last quarter. Finally, UBS Group AG increased its position in Student Transportation by 10.8% in the first quarter. UBS Group AG now owns 53,717 shares of the company’s stock valued at $272,000 after buying an additional 5,257 shares during the last quarter. Institutional investors and hedge funds own 21.10% of the company’s stock.
Student Transportation Company Profile
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