ExodusPoint Capital Management LP Invests $2.95 Million in Blue Bird Co. (NASDAQ:BLBD)

ExodusPoint Capital Management LP purchased a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 76,300 shares of the company's stock, valued at approximately $2,947,000. ExodusPoint Capital Management LP owned 0.24% of Blue Bird at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings 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. Encompass More Asset Management purchased a new stake in Blue Bird during the fourth quarter worth $1,376,000. Ieq Capital LLC purchased a new stake in Blue Bird during the fourth quarter worth $354,000. State Street Corp grew its holdings in Blue Bird by 8.4% in the third quarter. State Street Corp now owns 725,573 shares of the company's stock valued at $34,798,000 after purchasing an additional 56,449 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Blue Bird by 26.2% in the third quarter. Geode Capital Management LLC now owns 752,228 shares of the company's stock valued at $36,084,000 after buying an additional 156,298 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Razvan Radulescu sold 2,848 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.12, for a total transaction of $108,565.76. Following the completion of the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BLBD shares. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC reduced their price target on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a report 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 data from MarketBeat.com, Blue Bird currently has an average rating of "Moderate Buy" and an average price target of $58.21.

Blue Bird Trading Up 1.6 %

NASDAQ:BLBD traded up $0.54 on Friday, reaching $34.19. The stock had a trading volume of 540,403 shares, compared to its average volume of 666,266. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.59, a P/E/G 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. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The firm's fifty day moving average is $34.47 and its two-hundred day moving average is $38.97.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. Equities analysts expect that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

Blue Bird Company 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.