Zacks Investment Research downgraded shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) from a buy rating to a hold rating in a research note released on Tuesday, October 3rd.

According to Zacks, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada. “

Other research analysts also recently issued research reports about the company. BMO Capital Markets dropped their price target on Student Transportation from $8.25 to $7.60 and set a market perform rating on the stock in a research note on Friday, September 22nd. BidaskClub upgraded Student Transportation from a hold rating to a buy rating in a research note on Sunday, September 24th. Stifel Nicolaus restated a buy rating and set a $6.50 price target on shares of Student Transportation in a research note on Friday, September 22nd. Finally, National Bank Financial upgraded Student Transportation from a sector perform rating to an outperform rating in a research note on Thursday, September 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $6.84.

Student Transportation (NASDAQ:STB) traded up 0.755% during trading on Tuesday, reaching $6.005. 253,602 shares of the company’s stock traded hands. The company has a 50 day moving average of $5.98 and a 200 day moving average of $5.95. The firm has a market cap of $568.26 million, a price-to-earnings ratio of 85.786 and a beta of 0.74. Student Transportation has a one year low of $5.39 and a one year high of $6.21.

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The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.0367 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.44 dividend on an annualized basis and a yield of 7.33%. Student Transportation’s payout ratio is 628.66%.

Several institutional investors and hedge funds have recently bought and sold shares of STB. Global X Management Co. LLC acquired a new stake in shares of Student Transportation in the 1st quarter valued at approximately $8,006,000. CIBC World Markets Inc. lifted its holdings in shares of Student Transportation by 21.7% in the 2nd quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock valued at $16,618,000 after buying an additional 487,641 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Student Transportation in the 2nd quarter valued at approximately $1,311,000. Renaissance Technologies LLC lifted its holdings in shares of Student Transportation by 10.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,485,671 shares of the transportation company’s stock valued at $8,706,000 after buying an additional 136,427 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of Student Transportation by 101.2% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 268,700 shares of the transportation company’s stock valued at $1,630,000 after buying an additional 135,183 shares during the period. 25.68% of the stock is owned by institutional investors and hedge funds.

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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