Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
STB has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Student Transportation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. BMO Capital Markets decreased their price objective on shares of Student Transportation from $8.25 to $7.60 and set a “market perform” rating for the company in a report on Friday, September 22nd. National Bank Financial upgraded shares of Student Transportation from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $6.50 price objective on shares of Student Transportation in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.84.
Student Transportation (NASDAQ:STB) opened at $5.80 on Wednesday. Student Transportation has a 1-year low of $5.39 and a 1-year high of $6.21. The firm has a market cap of $553.16, a P/E ratio of 48.58 and a beta of 0.75. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.91 and a quick ratio of 1.83.
Student Transportation (NASDAQ:STB) (TSE:STB) last announced its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Student Transportation had a net margin of 1.59% and a return on equity of 8.30%. The company had revenue of $107.43 million during the quarter, compared to analyst estimates of $106.57 million. During the same period in the previous year, the business earned ($0.13) EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. analysts anticipate that Student Transportation will post 0.11 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. EJF Capital LLC grew its position in shares of Student Transportation by 50.0% during the 3rd quarter. EJF Capital LLC now owns 75,000 shares of the transportation company’s stock valued at $448,000 after acquiring an additional 25,000 shares during the period. Citadel Advisors LLC bought a new stake in shares of Student Transportation during the 3rd quarter valued at $395,000. Trexquant Investment LP grew its position in shares of Student Transportation by 105.6% during 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. JPMorgan Chase & Co. grew its position in shares of Student Transportation by 74.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 376,800 shares of the transportation company’s stock valued at $2,265,000 after acquiring an additional 160,600 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Student Transportation by 29.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 52,210 shares of the transportation company’s stock valued at $312,000 after acquiring an additional 11,900 shares during the period. Institutional investors and hedge funds own 26.18% 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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