UBS Asset Management Americas Inc. lowered its position in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 23.3% during the first quarter, Holdings Channel reports. The firm owned 48,568 shares of the transportation company’s stock after selling 14,732 shares during the period. UBS Asset Management Americas Inc.’s holdings in Student Transportation were worth $284,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. WealthTrust Axiom LLC raised its stake in shares of Student Transportation by 14.3% in the first quarter. WealthTrust Axiom LLC now owns 1,017,794 shares of the transportation company’s stock worth $5,964,000 after buying an additional 127,040 shares during the period. PARK CIRCLE Co raised its stake in shares of Student Transportation by 1.5% in the first quarter. PARK CIRCLE Co now owns 672,200 shares of the transportation company’s stock worth $3,939,000 after buying an additional 10,000 shares during the period. Monarch Partners Asset Management LLC raised its stake in shares of Student Transportation by 7.5% in the first quarter. Monarch Partners Asset Management LLC now owns 520,309 shares of the transportation company’s stock worth $3,049,000 after buying an additional 36,270 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Student Transportation during the first quarter worth about $782,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Student Transportation by 14.0% in the first quarter. Russell Investments Group Ltd. now owns 100,680 shares of the transportation company’s stock worth $590,000 after buying an additional 12,367 shares during the period. 25.73% of the stock is owned by institutional investors and hedge funds.
Student Transportation Inc (STB) opened at 5.96 on Friday. The company has a market capitalization of $563.41 million, a P/E ratio of 77.40 and a beta of 0.76. The stock’s 50 day moving average price is $6.02 and its 200-day moving average price is $5.81. Student Transportation Inc has a 52-week low of $5.20 and a 52-week high of $6.21.
Student Transportation (NASDAQ:STB) (TSE:STB) last posted its quarterly earnings data on Wednesday, May 10th. The transportation company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $185.20 million during the quarter, compared to analysts’ expectations of $182.02 million. Student Transportation had a return on equity of 6.89% and a net margin of 1.34%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. Analysts predict that Student Transportation Inc will post $0.08 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.0367 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Thursday, July 27th. Student Transportation’s dividend payout ratio (DPR) is presently 488.89%.
Student Transportation announced that its board has approved a share buyback plan on Friday, May 19th that allows the company to repurchase 9,230,000 shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
STB has been the subject of a number of research analyst reports. BidaskClub lowered shares of Student Transportation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. National Bank Financial lowered shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Student Transportation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Student Transportation currently has an average rating of “Hold” and a consensus target price of $6.88.
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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