Victory Capital Management Inc. boosted its stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 95.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,216 shares of the company's stock after buying an additional 25,563 shares during the period. Victory Capital Management Inc. owned approximately 0.16% of Blue Bird worth $2,504,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of BLBD. Vanguard Group Inc. lifted its stake in Blue Bird by 36.0% during the 1st quarter. Vanguard Group Inc. now owns 1,911,645 shares of the company's stock worth $73,292,000 after acquiring an additional 505,727 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Blue Bird by 0.4% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 635,920 shares of the company's stock worth $30,499,000 after purchasing an additional 2,598 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Blue Bird by 81.7% in the second quarter. Renaissance Technologies LLC now owns 509,422 shares of the company's stock valued at $27,432,000 after purchasing an additional 229,004 shares during the period. Boston Partners grew its holdings in shares of Blue Bird by 279.5% in the first quarter. Boston Partners now owns 415,310 shares of the company's stock valued at $15,587,000 after purchasing an additional 305,868 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Blue Bird by 30.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 323,179 shares of the company's stock worth $17,405,000 after buying an additional 76,036 shares during the period. Institutional investors and hedge funds own 93.59% of the company's stock.
Blue Bird Stock Performance
NASDAQ BLBD traded up $1.10 during trading hours on Friday, hitting $41.18. The company had a trading volume of 662,053 shares, compared to its average volume of 905,453. The business has a 50 day moving average of $44.31 and a 200-day moving average of $48.70. The company has a market cap of $1.33 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.19 and a beta of 1.62. Blue Bird Co. has a 1-year low of $17.79 and a 1-year high of $59.40. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.66 and a current ratio of 1.40.
Analyst Ratings Changes
BLBD has been the subject of several research reports. BTIG Research assumed coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They issued a "buy" rating and a $55.00 price target for the company. DA Davidson increased their price target on Blue Bird from $66.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Roth Capital downgraded Blue Bird from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. StockNews.com raised shares of Blue Bird from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Finally, Bank of America lifted their price target on shares of Blue Bird from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Blue Bird has a consensus rating of "Moderate Buy" and a consensus target price of $60.14.
Check Out Our Latest Analysis on Blue Bird
Insiders Place Their Bets
In related news, President Britton Smith sold 2,508 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.81, for a total transaction of $124,923.48. Following the transaction, the president now owns 80,617 shares of the company's stock, valued at $4,015,532.77. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Phil Horlock sold 32,159 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $48.93, for a total value of $1,573,539.87. Following the sale, the chief executive officer now directly owns 299,812 shares of the company's stock, valued at approximately $14,669,801.16. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate 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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