Los Angeles Capital Management LLC increased its holdings in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 112.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,892 shares of the company's stock after purchasing an additional 12,661 shares during the quarter. Los Angeles Capital Management LLC owned 0.07% of Blue Bird worth $923,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. National Bank of Canada FI acquired a new position in Blue Bird in the 3rd quarter worth $26,000. KBC Group NV grew its stake in shares of Blue Bird by 75.3% during the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock worth $55,000 after acquiring an additional 610 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Blue Bird by 15.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company's stock valued at $183,000 after purchasing an additional 640 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of Blue Bird by 9.3% in the third quarter. Townsquare Capital LLC now owns 8,235 shares of the company's stock valued at $395,000 after purchasing an additional 700 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Blue Bird by 13.5% in the third quarter. Creative Planning now owns 5,937 shares of the company's stock worth $285,000 after purchasing an additional 707 shares in the last quarter. Institutional investors own 93.59% of the company's stock.
Blue Bird Stock Performance
Shares of BLBD traded up $0.96 during trading hours on Wednesday, hitting $33.78. The company had a trading volume of 441,836 shares, compared to its average volume of 760,903. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.84 and a beta of 1.56. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $37.85 and a 200-day moving average of $42.13. Blue Bird Co. has a 12 month low of $30.67 and a 12 month high of $59.40.
Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly 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%. Equities analysts anticipate that Blue Bird Co. will post 3.86 EPS for the current fiscal year.
Analyst Ratings Changes
BLBD has been the subject of several analyst reports. StockNews.com cut Blue Bird from a "buy" rating to a "hold" rating in a report on Wednesday. Needham & Company LLC cut their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Bank of America decreased their price objective on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating for the company in a research report on Tuesday, November 26th. Finally, Craig Hallum boosted their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.21.
Check Out Our Latest Analysis on BLBD
Insider Buying and Selling
In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.12, for a total transaction of $108,565.76. Following the transaction, the chief financial officer now owns 88,664 shares in the company, valued at $3,379,871.68. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.
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.
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