Student Transportation Inc (NASDAQ:STB) (TSE:STB) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised Student Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. National Bank Financial lowered Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $6.92.

Student Transportation (STB) opened at 6.13 on Friday. The firm’s 50-day moving average is $5.92 and its 200-day moving average is $5.88. The company has a market capitalization of $579.48 million, a PE ratio of 79.61 and a beta of 0.75. Student Transportation has a 52-week low of $5.37 and a 52-week high of $6.21.

Student Transportation announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 19th that allows the company to buyback 9,230,000 shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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Several institutional investors have recently made changes to their positions in STB. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Student Transportation during the 2nd quarter valued at $109,000. Wedbush Securities Inc. increased its position in shares of Student Transportation by 40.3% during the 2nd quarter. Wedbush Securities Inc. now owns 21,603 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 6,203 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Student Transportation by 56.8% during the 2nd quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 8,057 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Student Transportation by 20.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 4,669 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of Student Transportation during the 2nd quarter valued at $215,000. 25.70% of the stock is owned by hedge funds and other institutional investors.

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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