Capital Fund Management S.A. Purchases Shares of 16,906 Blue Bird Co. (NASDAQ:BLBD)

Capital Fund Management S.A. purchased a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 16,906 shares of the company's stock, valued at approximately $653,000. Capital Fund Management S.A. owned approximately 0.05% of Blue Bird as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp acquired a new stake in Blue Bird during the third quarter worth about $1,599,000. State Street Corp raised its holdings in shares of Blue Bird by 8.4% in the 3rd quarter. State Street Corp now owns 725,573 shares of the company's stock worth $34,798,000 after buying an additional 56,449 shares in the last quarter. National Bank of Canada FI acquired a new stake in Blue Bird in the 3rd quarter valued at $26,000. Barclays PLC grew its position in Blue Bird by 976.5% in the third quarter. Barclays PLC now owns 128,658 shares of the company's stock valued at $6,171,000 after acquiring an additional 116,707 shares during the period. Finally, Geode Capital Management LLC raised its stake in Blue Bird by 26.2% during the third quarter. Geode Capital Management LLC now owns 752,228 shares of the company's stock worth $36,084,000 after acquiring an additional 156,298 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Trading Up 1.4 %

Shares of BLBD stock traded up $0.46 on Friday, reaching $33.71. The company had a trading volume of 888,297 shares, compared to its average volume of 666,668. The company has a 50-day moving average of $34.14 and a 200-day moving average of $38.54. 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 stock has a market cap of $1.08 billion, a PE ratio of 10.44, a PEG ratio of 0.84 and a beta of 1.38. Blue Bird Co. has a 12 month low of $30.04 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 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%. On average, equities analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on BLBD shares. Needham & Company LLC reduced their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. StockNews.com raised shares of Blue Bird from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.21.

Insider Transactions at Blue Bird

In other news, CFO Razvan Radulescu sold 2,848 shares of the business'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 transaction of $108,565.76. Following the completion of the sale, the chief financial officer now owns 88,664 shares in the company, valued at $3,379,871.68. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Blue Bird Profile

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.