Swiss National Bank Boosts Stake in Student Transportation Inc (STB)

Swiss National Bank raised its holdings in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,457 shares of the transportation company’s stock after acquiring an additional 18,700 shares during the quarter. Swiss National Bank owned about 0.16% of Student Transportation worth $930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UBS Group AG lifted its stake in Student Transportation by 2.7% in the first quarter. UBS Group AG now owns 51,403 shares of the transportation company’s stock valued at $301,000 after acquiring an additional 1,355 shares during the last quarter. Credit Suisse AG lifted its stake in Student Transportation by 5.1% in the first quarter. Credit Suisse AG now owns 60,783 shares of the transportation company’s stock valued at $356,000 after acquiring an additional 2,938 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Student Transportation by 40.3% in the second quarter. Wedbush Securities Inc. now owns 21,603 shares of the transportation company’s stock worth $131,000 after buying an additional 6,203 shares during the last quarter. Morgan Stanley lifted its stake in shares of Student Transportation by 0.8% in the first quarter. Morgan Stanley now owns 1,032,678 shares of the transportation company’s stock worth $6,052,000 after buying an additional 7,912 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Student Transportation by 26.1% in the first quarter. Stifel Financial Corp now owns 46,606 shares of the transportation company’s stock worth $274,000 after buying an additional 9,651 shares during the last quarter. Hedge funds and other institutional investors own 25.61% of the company’s stock.

Student Transportation Inc (NASDAQ STB) opened at 5.94 on Friday. Student Transportation Inc has a 12 month low of $5.39 and a 12 month high of $6.21. The company’s 50-day moving average is $5.97 and its 200-day moving average is $5.95. The company has a market cap of $562.11 million, a price-to-earnings ratio of 84.86 and a beta of 0.74.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.0367 per share. This represents a $0.44 annualized dividend and a yield of 7.41%. The ex-dividend date is Monday, October 30th. Student Transportation’s dividend payout ratio is 628.66%.

A number of brokerages have recently weighed in on STB. BidaskClub cut shares of Student Transportation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research cut shares of Student Transportation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Stifel Nicolaus restated a “buy” rating and issued a $6.50 price objective on shares of Student Transportation in a research note on Friday, September 22nd. 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. 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Student Transportation has a consensus rating of “Buy” and an average target price of $6.84.

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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.

Institutional Ownership by Quarter for Student Transportation (NASDAQ:STB)

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