Student Transportation Inc. (STB) Declares Monthly Dividend of $0.04
Student Transportation Inc. (NASDAQ:STB) announced a monthly dividend on Friday, November 11th. Stockholders of record on Friday, March 31st will be paid a dividend of 0.0367 per share on Monday, April 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend is Wednesday, March 29th.
Shares of Student Transportation (NASDAQ:STB) opened at 5.68 on Monday. The stock’s 50 day moving average price is $5.88 and its 200-day moving average price is $5.38. The firm has a market cap of $522.01 million, a P/E ratio of 94.67 and a beta of 0.76. Student Transportation has a 12 month low of $3.02 and a 12 month high of $6.08.
Student Transportation (NASDAQ:STB) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $102.18 million for the quarter, compared to the consensus estimate of $101.30 million. Student Transportation had a return on equity of 3.52% and a net margin of 0.63%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) earnings per share. Equities research analysts anticipate that Student Transportation will post $0.09 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Guardian Capital LP acquired a new stake in shares of Student Transportation during the second quarter valued at about $1,404,000. Spark Investment Management LLC acquired a new stake in shares of Student Transportation during the second quarter valued at about $1,222,000. Morgan Stanley raised its stake in shares of 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 during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Student Transportation during the third quarter valued at about $437,000. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Student Transportation during the second quarter valued at about $250,000. Hedge funds and other institutional investors own 21.14% of the company’s stock.
A number of brokerages have recently weighed in on STB. Zacks Investment Research cut shares of Student Transportation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a report on Sunday, September 18th. Barrington Research raised their price objective on shares of Student Transportation from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Thursday, September 15th. Finally, Scotiabank restated a “sector perform” rating and set a $6.75 price objective (up from $6.50) on shares of Student Transportation in a report on Sunday, August 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.17.
About Student Transportation
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