Zacks Investment Research upgraded shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $6.75 target price on the transportation company’s stock.

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. “

Several other research firms also recently weighed in on STB. BidaskClub raised shares of Student Transportation from a hold rating to a buy rating in a research note on Friday, September 8th. BMO Capital Markets decreased their price target on shares of Student Transportation from $8.25 to $7.60 and set a market perform rating on the stock in a research note on Friday, September 22nd. 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. Finally, Stifel Nicolaus reissued a buy rating and issued a $6.50 price target on shares of Student Transportation in a research note on Friday, September 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $6.84.

Student Transportation (NASDAQ STB) traded down 0.50% during mid-day trading on Wednesday, hitting $5.98. 153,639 shares of the stock were exchanged. Student Transportation has a 52-week low of $5.39 and a 52-week high of $6.21. The stock has a market cap of $565.89 million, a PE ratio of 85.43 and a beta of 0.75. The stock’s 50 day moving average is $5.91 and its 200 day moving average is $5.90.

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The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a $0.0367 dividend. This represents a $0.44 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend is Monday, October 30th. Student Transportation’s dividend payout ratio is currently 628.66%.

Several large investors have recently bought and sold shares of STB. Global X Management Co. LLC purchased a new position in shares of Student Transportation in the first quarter worth about $8,006,000. CIBC World Markets Inc. lifted its stake in shares of Student Transportation by 21.7% in 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Student Transportation in the second quarter worth about $1,311,000. Renaissance Technologies LLC lifted its stake in shares of Student Transportation by 10.1% in 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 in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Student Transportation by 101.2% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 268,700 shares of the transportation company’s stock worth $1,630,000 after buying an additional 135,183 shares in the last quarter. 25.70% of the stock is currently 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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