Blair William & Co. IL lowered its stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 341,005 shares of the company's stock after selling 17,388 shares during the quarter. Blair William & Co. IL owned 1.06% of Blue Bird worth $13,173,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Blue Bird by 268.0% during the third quarter. FMR LLC now owns 1,841,745 shares of the company's stock valued at $88,330,000 after purchasing an additional 1,341,259 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Blue Bird during the 4th quarter worth about $9,746,000. Castellan Group purchased a new position in Blue Bird in the 4th quarter valued at about $7,748,000. Raymond James Financial Inc. acquired a new stake in Blue Bird in the 4th quarter worth about $6,743,000. Finally, Geode Capital Management LLC increased its stake in Blue Bird by 26.2% during the 3rd quarter. Geode Capital Management LLC now owns 752,228 shares of the company's stock worth $36,084,000 after buying an additional 156,298 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.
Blue Bird Trading Up 0.8 %
NASDAQ:BLBD traded up $0.27 on Wednesday, hitting $33.20. The stock had a trading volume of 80,471 shares, compared to its average volume of 657,105. The company has a fifty day moving average price of $35.38 and a two-hundred day moving average price of $40.15. Blue Bird Co. has a 1-year low of $30.67 and a 1-year high of $59.40. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.84 and a beta of 1.38.
Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. Equities research analysts expect that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BLBD has been the topic of a number of research analyst reports. StockNews.com lowered Blue Bird from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Needham & Company LLC lowered their target price on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Blue Bird currently has an average rating of "Moderate Buy" and a consensus target price of $58.21.
Check Out Our Latest Report on Blue Bird
Insider Activity at Blue Bird
In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.
Blue Bird Profile
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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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