Trexquant Investment LP bought a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 170,996 shares of the company's stock, valued at approximately $6,606,000. Trexquant Investment LP owned about 0.53% of Blue Bird at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Blue Bird by 34.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company's stock worth $14,784,000 after purchasing an additional 79,129 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Blue Bird by 37.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,604 shares of the company's stock worth $796,000 after acquiring an additional 4,515 shares during the last quarter. FMR LLC grew its stake in Blue Bird by 268.0% during the 3rd quarter. FMR LLC now owns 1,841,745 shares of the company's stock valued at $88,330,000 after purchasing an additional 1,341,259 shares during the last quarter. Townsquare Capital LLC increased 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Blue Bird by 14.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the company's stock worth $276,000 after purchasing an additional 744 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on BLBD. StockNews.com raised shares of Blue Bird from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Needham & Company LLC reduced their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.21.
Get Our Latest Report on Blue Bird
Insider Activity
In other news, CFO Razvan Radulescu sold 2,848 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 88,664 shares of the company's stock, valued at approximately $3,379,871.68. This trade represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.
Blue Bird Stock Down 1.5 %
BLBD traded down $0.51 on Thursday, hitting $33.41. 99,996 shares of the company were exchanged, compared to its average volume of 663,129. The firm has a 50-day moving average price of $34.53 and a two-hundred day moving average price of $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 Co. has a twelve month low of $30.04 and a twelve month high of $59.40. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38.
Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. On average, equities analysts predict that Blue Bird Co. will post 3.86 earnings per share for the current year.
Blue Bird Profile
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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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