Charles Schwab Investment Management Inc. increased its position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,188 shares of the company's stock after purchasing an additional 9,935 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.99% of Blue Bird worth $12,292,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Blue Bird by 60.7% during the 3rd quarter. Principal Financial Group Inc. now owns 58,019 shares of the company's stock worth $2,783,000 after acquiring an additional 21,919 shares in the last quarter. Victory Capital Management Inc. boosted its position in Blue Bird by 95.9% during the third quarter. Victory Capital Management Inc. now owns 52,216 shares of the company's stock worth $2,504,000 after purchasing an additional 25,563 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Blue Bird in the third quarter valued at approximately $492,000. Navellier & Associates Inc. purchased a new stake in shares of Blue Bird in the third quarter valued at approximately $285,000. Finally, Algert Global LLC raised its stake in shares of Blue Bird by 24.5% during the 3rd quarter. Algert Global LLC now owns 131,510 shares of the company's stock worth $6,307,000 after buying an additional 25,859 shares during the period. Institutional investors and hedge funds own 93.59% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on BLBD shares. Craig Hallum upped their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Needham & Company LLC lowered their target price 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. Bank of America decreased their target price on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. Finally, StockNews.com cut shares of Blue Bird from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Blue Bird currently has a consensus rating of "Moderate Buy" and an average target price of $58.21.
Get Our Latest Research Report on Blue Bird
Insider Buying and Selling
In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the company'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 transaction, the chief financial officer now directly owns 88,664 shares of the company's stock, valued at $3,379,871.68. This represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.
Blue Bird Trading Down 1.6 %
Blue Bird stock traded down $0.55 during midday trading on Tuesday, reaching $34.73. The stock had a trading volume of 334,894 shares, compared to its average volume of 649,542. The stock has a market capitalization of $1.12 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. The stock's 50-day simple moving average is $36.36 and its 200 day simple moving average is $40.74. Blue Bird Co. has a twelve month low of $30.67 and a twelve month high of $59.40.
Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (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%. Analysts expect that Blue Bird Co. will post 3.86 EPS for the current year.
Blue Bird Company Profile
(
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.
Featured Articles
Before you consider Blue Bird, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blue Bird wasn't on the list.
While Blue Bird currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
