Student Transportation Inc (NASDAQ:STB) (TSE:STB) – Equities researchers at National Bank Financial decreased their Q3 2018 earnings per share estimates for Student Transportation in a report released on Sunday. National Bank Financial analyst G. Colman now anticipates that the transportation company will earn $0.06 per share for the quarter, down from their prior forecast of $0.07. National Bank Financial also issued estimates for Student Transportation’s Q4 2018 earnings at $0.06 EPS.

STB has been the subject of a number of other reports. BidaskClub downgraded Student Transportation from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research raised Student Transportation from a “hold” rating to a “strong-buy” rating and set a $7.25 price target for the company in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued 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 $7.12.

Shares of Student Transportation (STB) opened at $6.06 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.83 and a debt-to-equity ratio of 3.46. The company has a market capitalization of $567.39, a P/E ratio of 23.31 and a beta of 0.62. Student Transportation has a 52-week low of $5.42 and a 52-week high of $6.28.

The company also recently announced a monthly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a $0.0367 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Wednesday, May 30th. Student Transportation’s dividend payout ratio is currently 169.24%.

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Student Transportation in the fourth quarter worth $102,000. SG Americas Securities LLC purchased a new stake in Student Transportation in the fourth quarter worth $110,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Student Transportation in the second quarter worth $109,000. Trexquant Investment LP increased its position in Student Transportation by 105.6% in the third quarter. Trexquant Investment LP now owns 20,561 shares of the transportation company’s stock worth $123,000 after buying an additional 10,561 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Student Transportation by 56.8% in the second quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock worth $135,000 after buying an additional 8,057 shares during the last quarter. 25.14% of the stock is owned by institutional investors and hedge funds.

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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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