Student Transportation Inc (STB) Position Increased by EJF Capital LLC
EJF Capital LLC lifted its position in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the transportation company’s stock after buying an additional 25,000 shares during the period. EJF Capital LLC owned about 0.08% of Student Transportation worth $448,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC World Markets Inc. increased its holdings in Student Transportation by 21.7% during the 2nd quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock worth $16,618,000 after purchasing an additional 487,641 shares in the last quarter. Royal Bank of Canada increased its holdings in Student Transportation by 15.7% during the 2nd quarter. Royal Bank of Canada now owns 271,399 shares of the transportation company’s stock worth $1,647,000 after purchasing an additional 36,803 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Student Transportation during the 2nd quarter worth about $1,311,000. Scotia Capital Inc. increased its holdings in Student Transportation by 19.9% during the 2nd quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock worth $4,523,000 after purchasing an additional 124,087 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in Student Transportation by 3.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,491,540 shares of the transportation company’s stock worth $8,919,000 after purchasing an additional 49,265 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.
A number of equities analysts have recently commented on STB shares. BidaskClub upgraded shares of Student Transportation from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. BMO Capital Markets reduced their price objective on shares of Student Transportation from $8.25 to $7.60 and set a “market perform” rating for the company in a research note on Friday, September 22nd. Stifel Nicolaus restated a “buy” rating and set a $6.50 price objective on shares of Student Transportation in a research note on Friday, September 22nd. Zacks Investment Research upgraded shares of Student Transportation from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Wednesday, September 27th. Finally, National Bank Financial upgraded shares of Student Transportation from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Student Transportation has a consensus rating of “Hold” and an average target price of $6.87.
Student Transportation (NASDAQ:STB) (TSE:STB) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.04. Student Transportation had a net margin of 1.59% and a return on equity of 8.30%. The company had revenue of $107.43 million during the quarter, compared to the consensus estimate of $106.57 million. During the same period in the prior year, the business posted ($0.13) EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. research analysts anticipate that Student Transportation Inc will post 0.13 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.0367 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.50%. Student Transportation’s dividend payout ratio is 366.67%.
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Student Transportation 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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