CenterBook Partners LP Takes Position in Blue Bird Co. (NASDAQ:BLBD)

CenterBook Partners LP acquired a new position in Blue Bird Co. (NASDAQ:BLBD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,129 shares of the company's stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI bought a new stake in shares of Blue Bird in the third quarter valued at about $26,000. KBC Group NV increased its position in shares of Blue Bird by 75.3% during 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. New Age Alpha Advisors LLC acquired a new position in shares of Blue Bird in the fourth quarter valued at $87,000. Nomura Asset Management Co. Ltd. bought a new position in Blue Bird in the fourth quarter worth $132,000. Finally, Meeder Asset Management Inc. bought a new stake in Blue Bird in the 4th quarter valued at $137,000. Institutional investors own 93.59% of the company's stock.

Wall Street Analyst Weigh In

BLBD has been the topic of a number of analyst reports. StockNews.com raised shares of Blue Bird from a "hold" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC decreased their price target 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.21.

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Blue Bird Trading Down 1.3 %

NASDAQ:BLBD traded down $0.45 on Wednesday, hitting $33.25. 570,878 shares of the stock were exchanged, compared to its average volume of 666,892. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. Blue Bird Co. has a 52 week low of $30.04 and a 52 week high of $59.40. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.84 and a beta of 1.38. The company's 50-day moving average price is $34.39 and its 200 day moving average price is $38.76.

Blue Bird (NASDAQ:BLBD - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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, equities research analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current year.

Insider Transactions at Blue Bird

In related news, CFO Razvan Radulescu sold 2,848 shares of the company's 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 completion of the sale, the chief financial officer now owns 88,664 shares in the company, valued at $3,379,871.68. This represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

About Blue Bird

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.