81,532 Shares in Blue Bird Co. (NASDAQ:BLBD) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,532 shares of the company's stock, valued at approximately $39,100,000. International Assets Investment Management LLC owned 0.25% of Blue Bird as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Covestor Ltd acquired a new stake in Blue Bird in the first quarter worth $29,000. Macroview Investment Management LLC acquired a new stake in shares of Blue Bird in the 2nd quarter worth about $29,000. nVerses Capital LLC bought a new stake in Blue Bird in the 3rd quarter valued at about $53,000. Quarry LP boosted its stake in Blue Bird by 43.9% during the 2nd quarter. Quarry LP now owns 1,174 shares of the company's stock valued at $63,000 after purchasing an additional 358 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Blue Bird by 1,227.7% in the third quarter. Signaturefd LLC now owns 1,580 shares of the company's stock valued at $76,000 after purchasing an additional 1,461 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. DA Davidson increased their price objective on Blue Bird from $66.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Bank of America raised their price target on Blue Bird from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Roth Capital lowered shares of Blue Bird from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Needham & Company LLC restated a "buy" rating and set a $72.00 price target on shares of Blue Bird in a research report on Tuesday, September 10th. Finally, Barclays upped their price target on shares of Blue Bird from $43.00 to $54.00 and gave the stock an "overweight" rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $61.00.

Blue Bird Price Performance

Shares of NASDAQ:BLBD traded up $0.03 on Monday, reaching $42.46. 411,582 shares of the company traded hands, compared to its average volume of 581,638. The stock has a market capitalization of $1.37 billion, a PE ratio of 17.31, a P/E/G ratio of 0.21 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.66. The company's 50 day moving average is $47.33 and its 200-day moving average is $47.95. Blue Bird Co. has a fifty-two week low of $17.59 and a fifty-two week high of $59.40.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.42. The firm had revenue of $333.37 million for the quarter, compared to the consensus estimate of $330.00 million. Blue Bird had a return on equity of 116.23% and a net margin of 7.65%. During the same quarter in the previous year, the company earned $0.42 EPS. As a group, analysts anticipate that Blue Bird Co. will post 3.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Ted Scartz sold 2,985 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $48.60, for a total transaction of $145,071.00. Following the transaction, the senior vice president now directly owns 51,863 shares of the company's stock, valued at approximately $2,520,541.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Phil Horlock sold 16,080 shares of Blue Bird stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.34, for a total transaction of $761,227.20. Following the completion of the sale, the chief executive officer now owns 331,971 shares of the company's stock, valued at approximately $15,715,507.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ted Scartz sold 2,985 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $48.60, for a total value of $145,071.00. Following the completion of the transaction, the senior vice president now directly owns 51,863 shares in the company, valued at approximately $2,520,541.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,240 shares of company stock worth $2,725,146. Corporate insiders own 2.10% of the company's stock.

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.