Segall Bryant & Hamill LLC Invests $2.03 Million in Blue Bird Co. (NASDAQ:BLBD)

Segall Bryant & Hamill LLC acquired a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 52,467 shares of the company's stock, valued at approximately $2,027,000. Segall Bryant & Hamill LLC owned about 0.16% of Blue Bird as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLBD. National Bank of Canada FI bought a new position in Blue Bird in the third quarter valued at about $26,000. Private Trust Co. NA acquired a new position in Blue Bird during the 3rd quarter valued at about $38,000. KBC Group NV boosted its stake in shares of Blue Bird by 75.3% in the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after purchasing an additional 610 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Blue Bird during the 3rd quarter worth approximately $56,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Blue Bird by 15.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company's stock worth $183,000 after buying an additional 640 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Needham & Company LLC cut their price target on Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. StockNews.com lowered Blue Bird from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.21.

Remove Ads

Blue Bird Stock Down 0.6 %

Shares of Blue Bird stock traded down $0.20 on Wednesday, hitting $32.73. The company had a trading volume of 51,562 shares, compared to its average volume of 656,991. The stock has a 50-day moving average of $35.38 and a 200-day moving average of $40.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. Blue Bird Co. has a twelve month low of $30.67 and a twelve month high of $59.40. The firm has a market capitalization of $1.05 billion, a P/E ratio of 10.14, a P/E/G ratio of 0.84 and a beta of 1.38.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. Research analysts predict that Blue Bird Co. will post 3.86 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Razvan Radulescu sold 2,848 shares of the 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.