UBS Asset Management Americas Inc. raised its stake in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 55.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,535 shares of the company’s stock after buying an additional 27,331 shares during the period. UBS Asset Management Americas Inc. owned about 0.08% of Student Transportation worth $457,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. CIBC World Markets Inc. boosted its stake in Student Transportation by 4.4% in the third quarter. CIBC World Markets Inc. now owns 2,046,015 shares of the company’s stock worth $12,256,000 after buying an additional 85,458 shares in the last quarter. Monarch Partners Asset Management LLC boosted its stake in Student Transportation by 507.6% in the third quarter. Monarch Partners Asset Management LLC now owns 436,970 shares of the company’s stock worth $2,617,000 after buying an additional 365,050 shares in the last quarter. Bank of Montreal Can boosted its stake in Student Transportation by 11.7% in the third quarter. Bank of Montreal Can now owns 97,933 shares of the company’s stock worth $587,000 after buying an additional 10,281 shares in the last quarter. PARK CIRCLE Co boosted its stake in Student Transportation by 3.1% in the third quarter. PARK CIRCLE Co now owns 662,200 shares of the company’s stock worth $3,967,000 after buying an additional 20,000 shares in the last quarter. Finally, Skylands Capital LLC purchased a new stake in Student Transportation during the third quarter worth approximately $258,000. Institutional investors own 22.77% of the company’s stock.
Student Transportation Inc (NASDAQ:STB) traded down 0.89% during trading on Friday, hitting $5.56. 57,173 shares of the stock were exchanged. The firm’s 50-day moving average is $5.62 and its 200 day moving average is $5.64. The firm has a market cap of $511.71 million, a PE ratio of 142.56 and a beta of 0.76. Student Transportation Inc has a 52 week low of $3.45 and a 52 week high of $6.08.
Student Transportation (NASDAQ:STB) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.02. Student Transportation had a net margin of 0.63% and a return on equity of 3.52%. The company earned $102.18 million during the quarter, compared to the consensus estimate of $101.30 million. During the same period last year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Student Transportation Inc will post $0.09 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be paid a $0.0367 dividend. This represents a $0.44 annualized dividend and a yield of 7.84%. The ex-dividend date is Friday, February 24th. Student Transportation’s dividend payout ratio (DPR) is currently 1,100.00%.
STB has been the subject of a number of research reports. Zacks Investment Research upgraded Student Transportation from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Wednesday, October 12th. Raymond James Financial, Inc. initiated coverage on Student Transportation in a report on Friday, December 2nd. They set an “outperform” rating and a $6.50 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.00.
About Student Transportation
Student Transportation Inc is engaged in providing school bus transportation services in North America. The Company operates through two segments: transportation, and oil and gas. The transportation segment provides school bus and management services to public and private schools in North America. The oil and gas segment represents the Company’s investments as a non-operator in oil and gas interests.
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