Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada. “

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Student Transportation from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. National Bank Financial downgraded shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a research note on Friday, June 2nd.

Shares of Student Transportation (NASDAQ:STB) opened at 5.83 on Tuesday. The firm’s 50-day moving average is $5.91 and its 200-day moving average is $5.90. Student Transportation has a 52 week low of $5.39 and a 52 week high of $6.21. The stock has a market capitalization of $551.12 million, a price-to-earnings ratio of 75.71 and a beta of 0.75.

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Several large investors have recently bought and sold shares of the company. CIBC World Markets Inc. lifted its stake in shares of Student Transportation by 21.7% during the second quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock worth $16,618,000 after buying an additional 487,641 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Student Transportation by 10.1% during the first quarter. Renaissance Technologies LLC now owns 1,485,671 shares of the transportation company’s stock worth $8,706,000 after buying an additional 136,427 shares during the period. Global X Management Co. LLC lifted its stake in shares of Student Transportation by 5.6% during the second quarter. Global X Management Co. LLC now owns 1,442,275 shares of the transportation company’s stock worth $8,755,000 after buying an additional 76,052 shares during the period. Morgan Stanley lifted its stake in shares of Student Transportation by 0.8% during 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 period. Finally, Scotia Capital Inc. lifted its stake in shares of Student Transportation by 19.9% during the second quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock worth $4,523,000 after buying an additional 124,087 shares during the period. Institutional investors and hedge funds own 25.70% of the company’s stock.

About Student Transportation

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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