Charles Schwab Investment Management Inc. Grows Position in Blue Bird Co. (NASDAQ:BLBD)

Charles Schwab Investment Management Inc. boosted its stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 34.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 308,253 shares of the company's stock after buying an additional 79,129 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.95% of Blue Bird worth $14,784,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Macroview Investment Management LLC purchased a new stake in Blue Bird in the second quarter valued at approximately $29,000. nVerses Capital LLC purchased a new stake in shares of Blue Bird in the 3rd quarter valued at $53,000. Quarry LP lifted its stake in Blue Bird by 43.9% during the 2nd quarter. Quarry LP now owns 1,174 shares of the company's stock worth $63,000 after acquiring an additional 358 shares in the last quarter. Signaturefd LLC boosted its holdings in Blue Bird by 1,227.7% during the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company's stock valued at $76,000 after acquiring an additional 1,461 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Blue Bird in the 2nd quarter valued at about $81,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Bird

In related news, President Britton Smith sold 2,508 shares of Blue Bird stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total value of $124,923.48. Following the transaction, the president now directly owns 80,617 shares in the company, valued at $4,015,532.77. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Blue Bird Stock Performance

NASDAQ BLBD traded down $0.72 during trading on Friday, reaching $40.06. The company's stock had a trading volume of 602,364 shares, compared to its average volume of 910,036. Blue Bird Co. has a twelve month low of $20.73 and a twelve month high of $59.40. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.04 and a beta of 1.59. The business's fifty day moving average price is $42.18 and its 200-day moving average price is $48.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BLBD shares. BTIG Research assumed coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They issued a "buy" rating and a $55.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $66.00 price objective on shares of Blue Bird in a research note on Tuesday, November 26th. Bank of America cut their price target on Blue Bird from $66.00 to $63.50 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Roth Mkm downgraded Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price objective for the company. in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. 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 currently has an average rating of "Moderate Buy" and a consensus target price of $60.64.

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.