Vanguard Group Inc. lifted its position in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,426,912 shares of the company's stock after buying an additional 25,745 shares during the period. Vanguard Group Inc. owned about 7.56% of Blue Bird worth $93,752,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in BLBD. Castellan Group purchased a new stake in Blue Bird during the 4th quarter valued at $7,748,000. Raymond James Financial Inc. purchased a new stake in shares of Blue Bird during the 4th quarter valued at about $6,743,000. Geode Capital Management LLC raised its holdings in shares of Blue Bird by 26.2% during 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. Barclays PLC lifted its position in Blue Bird by 976.5% during the third quarter. Barclays PLC now owns 128,658 shares of the company's stock valued at $6,171,000 after purchasing an additional 116,707 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Blue Bird by 169.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 141,553 shares of the company's stock worth $5,568,000 after purchasing an additional 89,068 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.
Blue Bird Price Performance
BLBD traded up $0.54 during trading hours on Friday, hitting $34.19. The company's stock had a trading volume of 540,403 shares, compared to its average volume of 666,266. Blue Bird Co. has a 12 month low of $30.04 and a 12 month high of $59.40. The company has a current ratio of 1.44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The business's 50-day moving average price is $34.47 and its 200-day moving average price is $38.97. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.84 and a beta of 1.38.
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%. Sell-side analysts expect that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Razvan Radulescu sold 2,848 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.12, for a total value of $108,565.76. Following the sale, the chief financial officer now owns 88,664 shares of the company's stock, valued at approximately $3,379,871.68. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Needham & Company LLC reduced their price objective 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. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Blue Bird has an average rating of "Moderate Buy" and a consensus price target of $58.21.
View Our Latest Analysis on Blue Bird
About Blue Bird
(
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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