Student Transportation Inc (NASDAQ:STB) (TSE:STB) – Equities researchers at National Bank Financial dropped their Q3 2018 earnings estimates for shares of Student Transportation in a note issued to investors on Sunday. National Bank Financial analyst G. Colman now anticipates that the transportation company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.07. National Bank Financial also issued estimates for Student Transportation’s Q4 2018 earnings at $0.06 EPS.
A number of other analysts have also commented on STB. BidaskClub lowered shares of Student Transportation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Student Transportation from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.12.
Shares of Student Transportation (NASDAQ:STB) opened at $5.98 on Tuesday. The company has a market cap of $549.37, a price-to-earnings ratio of 23.00 and a beta of 0.62. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.83 and a current ratio of 1.91. Student Transportation has a one year low of $5.42 and a one year high of $6.28.
The company also recently disclosed a monthly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be issued a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Wednesday, May 30th. Student Transportation’s dividend payout ratio is 169.24%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp boosted its holdings in Student Transportation by 8.0% during the 2nd quarter. Stifel Financial Corp now owns 50,335 shares of the transportation company’s stock worth $302,000 after acquiring an additional 3,729 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Student Transportation by 20.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock worth $186,000 after acquiring an additional 4,669 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Student Transportation by 12.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 54,729 shares of the transportation company’s stock worth $331,000 after acquiring an additional 6,161 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Student Transportation by 56.8% during the 2nd quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock worth $135,000 after acquiring an additional 8,057 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its holdings in Student Transportation by 0.8% during the 4th quarter. CIBC World Markets Inc. now owns 1,305,670 shares of the transportation company’s stock worth $8,017,000 after acquiring an additional 10,204 shares during the last quarter. 25.14% of the stock is currently owned by hedge funds and other institutional investors.
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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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