Student Transportation Inc. (STB) To Go Ex-Dividend on November 28th
Student Transportation Inc. (NASDAQ:STB) (TSE:STB) declared a monthly dividend on Wednesday, September 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend is Monday, November 28th.
Student Transportation (NASDAQ:STB) opened at 5.73 on Wednesday. The firm has a market cap of $526.60 million, a price-to-earnings ratio of 95.50 and a beta of 0.76. The firm’s 50 day moving average is $5.80 and its 200-day moving average is $5.42. 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 company had revenue of $102.18 million for the quarter, compared to analyst estimates of $101.30 million. Student Transportation had a return on equity of 3.52% and a net margin of 0.63%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share. On average, equities analysts forecast that Student Transportation will post $0.09 EPS for the current year.
STB has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating on shares of Student Transportation in a report on Sunday, September 18th. Barrington Research increased their price objective on Student Transportation from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Thursday, September 15th. Zacks Investment Research raised Student Transportation from a “sell” rating to a “hold” rating and set a $6.25 price objective for the company in a report on Thursday, August 18th. Finally, Scotiabank reissued a “sector perform” rating and issued 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 assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $7.17.
A number of institutional investors have recently modified their holdings of STB. Credit Suisse AG raised its position in shares of Student Transportation by 42.8% in the third quarter. Credit Suisse AG now owns 74,029 shares of the company’s stock worth $442,000 after buying an additional 22,196 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of Student Transportation by 92.4% in the third quarter. Gotham Asset Management LLC now owns 20,325 shares of the company’s stock worth $122,000 after buying an additional 9,762 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Student Transportation by 134.9% in the third quarter. Two Sigma Advisers LP now owns 131,863 shares of the company’s stock worth $790,000 after buying an additional 75,738 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Student Transportation during the third quarter worth about $133,000. Finally, Morgan Stanley raised its position in shares of Student Transportation by 154.8% in the third quarter. Morgan Stanley now owns 383,205 shares of the company’s stock worth $2,295,000 after buying an additional 232,828 shares during the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.
Student Transportation Company Profile
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.