Neumeier Poma Investment Counsel LLC lowered its position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,015 shares of the company's stock after selling 59,340 shares during the quarter. Neumeier Poma Investment Counsel LLC owned approximately 1.33% of Blue Bird worth $16,457,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of Blue Bird during the 3rd quarter valued at about $26,000. KBC Group NV raised its position in Blue Bird by 75.3% in the fourth quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after purchasing an additional 610 shares during the period. GPS Wealth Strategies Group LLC lifted its stake in shares of Blue Bird by 15.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company's stock valued at $183,000 after purchasing an additional 640 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of Blue Bird by 9.3% during the 3rd quarter. Townsquare Capital LLC now owns 8,235 shares of the company's stock worth $395,000 after purchasing an additional 700 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Blue Bird in the third quarter valued at $35,000. Hedge funds and other institutional investors own 93.59% of the company's stock.
Wall Street Analysts Forecast Growth
BLBD has been the subject of several 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 price target on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.21.
View Our Latest Analysis on BLBD
Insider Transactions at Blue Bird
In related news, CFO Razvan Radulescu sold 2,848 shares of the firm'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 value of $108,565.76. Following the completion of the transaction, the chief financial officer now directly owns 88,664 shares of the company's stock, valued at $3,379,871.68. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.
Blue Bird Price Performance
Blue Bird stock opened at $32.37 on Tuesday. The stock has a market capitalization of $1.04 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. The business has a 50 day simple moving average of $35.56 and a 200-day simple moving average of $40.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. 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 released its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (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%. Equities analysts predict that Blue Bird Co. will post 3.86 earnings per share for the current year.
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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