Student Transportation Inc (STB) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. boosted its position in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 101.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,739 shares of the transportation company’s stock after buying an additional 42,652 shares during the period. Goldman Sachs Group Inc. owned 0.09% of Student Transportation worth $497,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP boosted its stake in Student Transportation by 85.3% in the first quarter. Trexquant Investment LP now owns 39,600 shares of the transportation company’s stock worth $232,000 after buying an additional 18,226 shares in the last quarter. Stifel Financial Corp boosted its stake in 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 in the last quarter. EJF Capital LLC bought a new stake in Student Transportation during the first quarter worth approximately $292,000. UBS Group AG boosted 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 worth $301,000 after buying an additional 1,355 shares in the last quarter. Finally, Credit Suisse AG boosted 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 worth $356,000 after buying an additional 2,938 shares in the last quarter. Institutional investors and hedge funds own 25.45% of the company’s stock.
Student Transportation Inc (STB) remained flat at $5.86 during mid-day trading on Monday. The stock had a trading volume of 43,112 shares. The stock’s 50 day moving average is $5.97 and its 200-day moving average is $5.84. The firm has a market cap of $553.96 million, a price-to-earnings ratio of 76.10 and a beta of 0.76. Student Transportation Inc has a 1-year low of $5.37 and a 1-year high of $6.21.
Student Transportation declared that its board has authorized a stock repurchase plan on Friday, May 19th that allows the company to buyback 9,230,000 outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Student Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. BidaskClub cut Student Transportation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, National Bank Financial cut Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.88.
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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