Dynamic Technology Lab Private Ltd Acquires 12,576 Shares of Blue Bird Co. (NASDAQ:BLBD)

Dynamic Technology Lab Private Ltd grew its position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 138.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,692 shares of the company's stock after buying an additional 12,576 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.07% of Blue Bird worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Macroview Investment Management LLC bought a new stake in shares of Blue Bird during the 2nd quarter valued at about $29,000. nVerses Capital LLC bought a new position in shares of Blue Bird during the third quarter valued at approximately $53,000. Quarry LP raised its position in shares of 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 purchasing an additional 358 shares during the period. Signaturefd LLC lifted its holdings in shares of Blue Bird by 1,227.7% in the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company's stock worth $76,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Blue Bird during the 2nd quarter valued at approximately $81,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Insider Activity at Blue Bird

In other Blue Bird 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 transaction of $124,923.48. Following the completion of the sale, the president now owns 80,617 shares of the company's stock, valued at $4,015,532.77. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BLBD has been the topic of several recent research reports. Craig Hallum lifted their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday. Roth Mkm lowered Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price objective for the company. in a report on Thursday, October 3rd. Roth Capital cut Blue Bird from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Needham & Company LLC reissued a "buy" rating and issued a $66.00 price target on shares of Blue Bird in a research note on Tuesday. Finally, Bank of America cut their price objective on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.64.

Blue Bird Trading Down 0.2 %

Shares of Blue Bird stock traded down $0.10 during trading on Wednesday, hitting $40.59. The stock had a trading volume of 763,102 shares, compared to its average volume of 622,986. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.31 billion, a PE ratio of 12.80, a P/E/G ratio of 0.21 and a beta of 1.62. Blue Bird Co. has a 1 year low of $17.79 and a 1 year high of $59.40. The stock has a 50 day simple moving average of $43.97 and a 200 day simple moving average of $48.70.

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.