EFG Asset Management North America Corp. boosted its position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 105.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,778 shares of the company's stock after purchasing an additional 34,834 shares during the quarter. EFG Asset Management North America Corp. owned about 0.21% of Blue Bird worth $2,618,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BLBD. Vanguard Group Inc. boosted its position in Blue Bird by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,426,912 shares of the company's stock valued at $93,752,000 after acquiring an additional 25,745 shares in the last quarter. FMR LLC boosted its position 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. Geode Capital Management LLC grew its stake in Blue Bird by 26.2% in the third quarter. Geode Capital Management LLC now owns 752,228 shares of the company's stock valued at $36,084,000 after purchasing an additional 156,298 shares during the last quarter. State Street Corp raised its holdings in Blue Bird by 8.4% in the third quarter. State Street Corp now owns 725,573 shares of the company's stock worth $34,798,000 after purchasing an additional 56,449 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Blue Bird by 0.8% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 641,265 shares of the company's stock valued at $24,772,000 after buying an additional 5,345 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.
Insider Activity at Blue Bird
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 directly owns 88,664 shares in the company, valued at $3,379,871.68. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Needham & Company LLC cut their price objective on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. StockNews.com downgraded shares of Blue Bird from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Blue Bird has a consensus rating of "Moderate Buy" and a consensus target price of $58.21.
Check Out Our Latest Analysis on Blue Bird
Blue Bird Price Performance
BLBD stock traded down $1.03 during mid-day trading on Friday, reaching $32.93. 303,118 shares of the company's stock were exchanged, compared to its average volume of 660,142. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. The stock's 50 day moving average is $35.74 and its 200 day moving average is $40.45. Blue Bird Co. has a 12-month low of $30.67 and a 12-month high of $59.40.
Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share (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, research analysts expect that Blue Bird Co. will post 3.86 EPS for the current year.
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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