Student Transportation Inc. (STB) Declares Monthly Dividend of $0.04
Student Transportation Inc. (NASDAQ:STB) announced a monthly dividend on Friday, November 11th. Investors of record on Tuesday, January 31st will be given a dividend of 0.0367 per share on Wednesday, February 15th. This represents a $0.44 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, January 27th.
Shares of Student Transportation (NASDAQ:STB) opened at 5.68 on Monday. The firm has a market capitalization of $522.01 million, a P/E ratio of 94.67 and a beta of 0.76. Student Transportation has a 52-week low of $3.02 and a 52-week high of $6.08. The company’s 50-day moving average is $5.88 and its 200 day moving average is $5.38.
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 the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. Student Transportation had a net margin of 0.63% and a return on equity of 3.52%. The company had revenue of $102.18 million for the quarter, compared to the consensus estimate of $101.30 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Student Transportation will post $0.09 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on STB shares. Barrington Research started coverage on Student Transportation in a research report on Thursday, July 21st. They set an “outperform” rating and a $7.50 price target on the stock. Zacks Investment Research cut Student Transportation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Scotiabank reiterated a “sector perform” rating and set a $6.75 price target (up from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Student Transportation in a research report 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 company’s stock. Student Transportation currently has a consensus rating of “Hold” and an average target price of $7.17.
Several hedge funds and other institutional investors have recently bought and sold shares of STB. Scotia Capital Inc. boosted its position in Student Transportation by 2.7% in the second quarter. Scotia Capital Inc. now owns 595,224 shares of the company’s stock valued at $3,046,000 after buying an additional 15,371 shares during the period. Morgan Stanley boosted its position 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 during the period. Guardian Capital LP bought a new position in Student Transportation during the second quarter valued at $1,404,000. Spark Investment Management LLC bought a new position in Student Transportation during the second quarter valued at $1,222,000. Finally, Emerald Acquisition Ltd. bought a new position in Student Transportation during the third quarter valued at $437,000. Institutional investors own 21.14% of the company’s stock.
About Student Transportation
Receive News & Stock Ratings for Student Transportation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Student Transportation Inc. and related stocks with our FREE daily email newsletter.