Spark Investment Management LLC decreased its position in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 16.3% during the second quarter, Holdings Channel reports. The firm owned 293,000 shares of the transportation company’s stock after selling 57,200 shares during the period. Spark Investment Management LLC’s holdings in Student Transportation were worth $1,776,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. UBS Group AG increased its stake in shares of Student Transportation by 2.7% in the first quarter. UBS Group AG now owns 51,403 shares of the transportation company’s stock worth $301,000 after buying an additional 1,355 shares during the period. Credit Suisse AG raised its stake in Student Transportation by 5.1% in the first quarter. Credit Suisse AG now owns 60,783 shares of the transportation company’s stock worth $356,000 after buying an additional 2,938 shares during the last quarter. Hodges Capital Management Inc. raised its stake in Student Transportation by 1.1% in the first quarter. Hodges Capital Management Inc. now owns 405,350 shares of the transportation company’s stock worth $2,375,000 after buying an additional 4,550 shares during the last quarter. Morgan Stanley raised its stake in Student Transportation by 0.8% in the first quarter. Morgan Stanley now owns 1,032,678 shares of the transportation company’s stock worth $6,052,000 after buying an additional 7,912 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Student Transportation by 26.1% in the first quarter. Stifel Financial Corp now owns 46,606 shares of the transportation company’s stock worth $274,000 after buying an additional 9,651 shares during the last quarter. Institutional investors own 25.43% of the company’s stock.
Shares of Student Transportation Inc (NASDAQ STB) opened at 5.82 on Tuesday. Student Transportation Inc has a one year low of $5.22 and a one year high of $6.21. The stock has a market capitalization of $550.18 million, a price-to-earnings ratio of 75.58 and a beta of 0.76. The company’s 50 day moving average price is $6.02 and its 200 day moving average price is $5.82.
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 consensus estimate of $0.07 by $0.01. The business had revenue of $185.20 million for the quarter, compared to analysts’ expectations of $182.02 million. Student Transportation had a net margin of 1.34% and a return on equity of 6.89%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. On average, analysts expect that Student Transportation Inc will post $0.08 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a $0.0367 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.44 annualized dividend and a yield of 7.56%. Student Transportation’s dividend payout ratio is currently 488.89%.
Student Transportation announced that its board has approved a stock repurchase plan on Friday, May 19th that authorizes the company to repurchase 9,230,000 outstanding shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
A number of analysts have recently issued reports on the company. BidaskClub lowered Student Transportation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Student Transportation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, National Bank Financial lowered Student Transportation from an “outperform” rating to a “sector perform” rating in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Student Transportation currently has an average rating of “Hold” and an average 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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