Blue Bird Co. (NASDAQ:BLBD) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its holdings in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 172,696 shares of the company's stock after acquiring an additional 28,139 shares during the quarter. Sei Investments Co. owned about 0.54% of Blue Bird worth $6,671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Century Companies Inc. lifted its stake in Blue Bird by 9.0% in the fourth quarter. American Century Companies Inc. now owns 108,336 shares of the company's stock valued at $4,185,000 after buying an additional 8,902 shares during the last quarter. Intech Investment Management LLC raised its position in Blue Bird by 60.4% in the 4th quarter. Intech Investment Management LLC now owns 16,458 shares of the company's stock valued at $636,000 after purchasing an additional 6,196 shares during the last quarter. PFG Advisors boosted its stake in Blue Bird by 43.2% during the 4th quarter. PFG Advisors now owns 9,738 shares of the company's stock worth $376,000 after purchasing an additional 2,940 shares during the period. Ruffer LLP purchased a new position in Blue Bird during the 4th quarter worth $2,790,000. Finally, Raymond James Financial Inc. acquired a new position in Blue Bird in the fourth quarter valued at $6,743,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Insider Buying and Selling

In related news, CFO Razvan Radulescu sold 2,848 shares of Blue Bird 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 completion of the transaction, the chief financial officer now directly owns 88,664 shares of the company's stock, valued at approximately $3,379,871.68. The trade was 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 link. 1.10% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

BLBD has been the subject of several recent research reports. 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. StockNews.com raised Blue Bird from a "hold" rating to a "buy" rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Blue Bird currently has an average rating of "Moderate Buy" and an average target price of $58.21.

Blue Bird Stock Performance

Shares of BLBD stock traded up $0.51 during trading hours on Friday, reaching $32.43. 594,696 shares of the company's stock were exchanged, compared to its average volume of 662,714. 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 company's 50 day moving average is $34.99 and its two-hundred day moving average is $39.86. The company has a market cap of $1.04 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. Blue Bird Co. has a 1 year low of $30.04 and a 1 year high of $59.40.

Blue Bird (NASDAQ:BLBD - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, beating 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%. Equities research analysts anticipate that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

Blue Bird 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.