Integrated Quantitative Investments LLC acquired a new position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,944 shares of the company's stock, valued at approximately $346,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings 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 valued at $2,783,000 after purchasing an additional 21,919 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Blue Bird by 34.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company's stock worth $14,784,000 after acquiring an additional 79,129 shares in the last quarter. Encompass More Asset Management purchased a new stake in shares of Blue Bird during the fourth quarter worth about $1,376,000. Ieq Capital LLC acquired a new position in shares of Blue Bird during the fourth quarter valued at about $354,000. Finally, State Street Corp increased its holdings in shares of Blue Bird by 8.4% during the third quarter. State Street Corp now owns 725,573 shares of the company's stock valued at $34,798,000 after acquiring an additional 56,449 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.
Blue Bird Stock Performance
Shares of NASDAQ BLBD traded down $0.45 during trading on Thursday, reaching $33.46. 122,949 shares of the company traded hands, compared to its average volume of 651,617. Blue Bird Co. has a 12-month low of $30.04 and a 12-month high of $59.40. The stock has a market cap of $1.07 billion, a P/E ratio of 10.37, a PEG ratio of 0.84 and a beta of 1.38. The firm's fifty day simple moving average is $34.53 and its 200 day simple moving average is $39.23. The company has a current ratio of 1.44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.
Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share 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%. As a group, research analysts anticipate that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.
Analysts Set New Price Targets
BLBD has been the topic of several research analyst reports. StockNews.com raised shares of Blue Bird from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Needham & Company LLC cut their target price on Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.21.
Check Out Our Latest Stock Report on BLBD
Insider Transactions at Blue Bird
In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the company's stock in a transaction on 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 directly owns 88,664 shares in the company, valued at approximately $3,379,871.68. This represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.
About Blue Bird
(
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
Like this article? Share it with a colleague.
Link copied to clipboard.
