American Century Companies Inc. lifted its position in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,336 shares of the company's stock after acquiring an additional 8,902 shares during the quarter. American Century Companies Inc. owned 0.34% of Blue Bird worth $4,185,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Blue Bird by 60.7% in the third quarter. Principal Financial Group Inc. now owns 58,019 shares of the company's stock worth $2,783,000 after purchasing an additional 21,919 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Blue Bird by 34.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company's stock worth $14,784,000 after buying an additional 79,129 shares during the last quarter. Encompass More Asset Management acquired a new position in shares of Blue Bird in the 4th quarter valued at about $1,376,000. Ieq Capital LLC bought a new stake in shares of Blue Bird during the 4th quarter valued at about $354,000. Finally, State Street Corp raised its stake in Blue Bird by 8.4% during the third quarter. State Street Corp now owns 725,573 shares of the company's stock worth $34,798,000 after acquiring an additional 56,449 shares during the period. 93.59% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CFO Razvan Radulescu sold 2,848 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.12, for a total transaction of $108,565.76. Following the completion of the transaction, the chief financial officer now owns 88,664 shares of the company's stock, valued at $3,379,871.68. This trade represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
Blue Bird Stock Performance
Blue Bird stock traded down $0.26 during mid-day trading on Thursday, hitting $33.65. 526,913 shares of the company's stock traded hands, compared to its average volume of 665,931. Blue Bird Co. has a one year low of $30.04 and a one year high of $59.40. The company has a market cap of $1.08 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. The firm has a 50 day moving average price of $34.51 and a 200 day moving average price of $39.10. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49.
Blue Bird (NASDAQ:BLBD - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. On average, equities analysts forecast that Blue Bird Co. will post 3.86 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on BLBD shares. Needham & Company LLC lowered their target price on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, February 6th. StockNews.com raised Blue Bird from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.21.
Read Our Latest Stock Analysis on Blue Bird
Blue Bird Company Profile
(
Free Report)
Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.
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