Ieq Capital LLC purchased a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,173 shares of the company's stock, valued at approximately $354,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Blue Bird by 13.5% during the 3rd quarter. Creative Planning now owns 5,937 shares of the company's stock worth $285,000 after buying an additional 707 shares during the last quarter. Raymond James & Associates lifted its position in Blue Bird by 19.7% in the third quarter. Raymond James & Associates now owns 110,957 shares of the company's stock valued at $5,321,000 after acquiring an additional 18,283 shares during the last quarter. Private Advisor Group LLC acquired a new position in Blue Bird in the third quarter valued at $200,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Blue Bird by 0.4% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 635,920 shares of the company's stock valued at $30,499,000 after acquiring an additional 2,598 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Blue Bird by 104.0% during the third quarter. Harbor Capital Advisors Inc. now owns 78,418 shares of the company's stock worth $3,761,000 after purchasing an additional 39,978 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.
Blue Bird Stock Performance
NASDAQ BLBD traded down $2.53 on Monday, hitting $32.61. 548,599 shares of the company's stock were exchanged, compared to its average volume of 748,412. 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 50-day moving average price is $38.21 and its two-hundred day moving average price is $42.41. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.84 and a beta of 1.56. Blue Bird Co. has a fifty-two week low of $31.42 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. On average, research analysts expect that Blue Bird Co. will post 3.86 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. StockNews.com raised Blue Bird from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Bank of America decreased their price target on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating for the company in a research note on Tuesday, November 26th. 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 note on Tuesday, November 26th. Finally, Needham & Company LLC decreased their target price on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.21.
Check Out Our Latest Report on Blue Bird
Insider Activity at Blue Bird
In other Blue Bird 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 value of $108,565.76. Following the transaction, the chief financial officer now directly owns 88,664 shares in the company, valued at approximately $3,379,871.68. This represents a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.
Blue Bird Company Profile
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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.
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