Blue Bird Co. (NASDAQ:BLBD) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,649 shares of the company's stock after purchasing an additional 23,205 shares during the period. Bank of New York Mellon Corp owned 0.33% of Blue Bird worth $4,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Blue Bird during the third quarter valued at about $26,000. KBC Group NV grew its position in Blue Bird by 75.3% during the fourth quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after acquiring an additional 610 shares during the period. GPS Wealth Strategies Group LLC grew its position in Blue Bird by 15.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company's stock valued at $183,000 after acquiring an additional 640 shares during the period. Townsquare Capital LLC grew its position in Blue Bird by 9.3% during the third quarter. Townsquare Capital LLC now owns 8,235 shares of the company's stock valued at $395,000 after acquiring an additional 700 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in Blue Bird during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Insider Buying and Selling at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.12, for a total transaction of $108,565.76. Following the sale, the chief financial officer now owns 88,664 shares in the company, valued at $3,379,871.68. This 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 this link. 1.10% of the stock is currently owned by insiders.

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Analyst Ratings Changes

BLBD has been the subject of a number of research reports. StockNews.com downgraded Blue Bird from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Needham & Company LLC decreased their target price on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Craig Hallum upped their target price on Blue Bird from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Bank of America decreased their target price on Blue Bird from $66.00 to $63.50 and set a "buy" rating for the company in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.21.

Blue Bird Stock Down 3.2 %

Shares of NASDAQ:BLBD traded down $1.11 during trading on Friday, hitting $33.55. The company's stock had a trading volume of 864,227 shares, compared to its average volume of 649,486. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. Blue Bird Co. has a fifty-two week low of $30.67 and a fifty-two week high of $59.40. The stock's 50-day moving average price is $36.46 and its two-hundred day moving average price is $40.95. The company has a market capitalization of $1.08 billion, a PE ratio of 10.39, a PEG ratio of 0.84 and a beta of 1.58.

Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. As a group, sell-side analysts expect that Blue Bird Co. will post 3.86 EPS for the current year.

Blue Bird Company Profile

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.