Student Transportation Inc. (NASDAQ:STB) (TSE:STB) declared a monthly dividend on Wednesday, September 14th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.0367 per share on Thursday, December 15th. This represents a $0.44 annualized dividend and a yield of 7.55%. The ex-dividend date is Monday, November 28th.
Student Transportation (NASDAQ:STB) opened at 5.83 on Friday. Student Transportation has a 52 week low of $3.02 and a 52 week high of $6.08. The stock has a market cap of $536.56 million, a PE ratio of 149.49 and a beta of 0.76. The company’s 50-day moving average is $5.79 and its 200 day moving average is $5.43.
Student Transportation (NASDAQ:STB) last posted its earnings results on Tuesday, November 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The company had revenue of $102.18 million for the quarter, compared to the consensus estimate of $101.30 million. Student Transportation had a net margin of 0.63% and a return on equity of 3.52%. Student Transportation’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) EPS. On average, analysts expect that Student Transportation will post $0.09 earnings per share for the current fiscal year.
STB has been the topic of several recent research reports. Scotiabank reiterated a “sector perform” rating and issued a $6.75 price objective (up previously from $6.50) on shares of Student Transportation in a research note on Sunday, August 21st. Zacks Investment Research cut shares of Student Transportation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Barrington Research increased their price objective on shares of Student Transportation from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, September 15th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Student Transportation in a research note on Sunday, September 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Student Transportation has a consensus rating of “Hold” and an average target price of $7.17.
Large investors have recently added to or reduced their stakes in the company. Guardian Capital LP purchased a new stake in Student Transportation during the second quarter valued at about $1,404,000. Spark Investment Management LLC purchased a new stake in Student Transportation during the second quarter valued at about $1,222,000. Morgan Stanley raised its stake in Student Transportation by 154.8% in the third quarter. Morgan Stanley now owns 383,205 shares of the company’s stock valued at $2,295,000 after buying an additional 232,828 shares in the last quarter. Two Sigma Advisers LP raised its stake in Student Transportation by 134.9% in the third quarter. Two Sigma Advisers LP now owns 131,863 shares of the company’s stock valued at $790,000 after buying an additional 75,738 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Student Transportation during the third quarter valued at about $437,000. 21.79% of the stock is owned by institutional investors.
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