Student Transportation Inc (NASDAQ:STB) (TSE:STB) had its price target lowered by BMO Capital Markets from $8.25 to $7.60 in a report released on Friday. The brokerage currently has a market perform rating on the transportation company’s stock.

STB has been the topic of a number of other reports. Zacks Investment Research raised Student Transportation from a sell rating to a hold rating in a report on Thursday, July 20th. BidaskClub lowered Student Transportation from a hold rating to a sell rating in a report on Tuesday, August 8th. Finally, National Bank Financial raised Student Transportation from a sector perform rating to an outperform rating in a report on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Student Transportation has a consensus rating of Buy and an average target price of $6.84.

Shares of Student Transportation (NASDAQ STB) opened at 5.97 on Friday. The company has a market capitalization of $564.36 million, a PE ratio of 85.29 and a beta of 0.75. The stock has a 50 day moving average price of $5.91 and a 200 day moving average price of $5.90. Student Transportation has a 52-week low of $5.39 and a 52-week high of $6.21.

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The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend is Monday, October 30th. Student Transportation’s payout ratio is presently 628.66%.

Several hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank increased its holdings 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 worth $135,000 after acquiring an additional 8,057 shares during the last quarter. Scotia Capital Inc. boosted its stake in Student Transportation by 19.9% in the 2nd quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock valued at $4,523,000 after purchasing an additional 124,087 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Student Transportation in the 2nd quarter valued at $109,000. The Manufacturers Life Insurance Company boosted its stake in Student Transportation by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,278 shares of the transportation company’s stock valued at $377,000 after purchasing an additional 15,920 shares during the period. Finally, Royal Bank of Canada boosted its stake in Student Transportation by 15.7% in the 2nd quarter. Royal Bank of Canada now owns 271,399 shares of the transportation company’s stock valued at $1,647,000 after purchasing an additional 36,803 shares during the period. 25.70% of the stock is currently owned by institutional investors and hedge funds.

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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