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Whalen Wealth Management Inc. Purchases New Shares in Blue Bird Co. (NASDAQ:BLBD)

Blue Bird logo with Auto/Tires/Trucks background

Whalen Wealth Management Inc. acquired a new position in Blue Bird Co. (NASDAQ:BLBD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,147 shares of the company's stock, valued at approximately $315,000.

Several other institutional investors have also added to or reduced their stakes in BLBD. FMR LLC grew its stake in Blue Bird by 268.0% in the 3rd quarter. FMR LLC now owns 1,841,745 shares of the company's stock worth $88,330,000 after acquiring an additional 1,341,259 shares in the last quarter. Geode Capital Management LLC grew its stake in Blue Bird by 26.2% in the third quarter. Geode Capital Management LLC now owns 752,228 shares of the company's stock worth $36,084,000 after purchasing an additional 156,298 shares in the last quarter. State Street Corp increased its holdings in Blue Bird by 8.4% during the 3rd quarter. State Street Corp now owns 725,573 shares of the company's stock worth $34,798,000 after purchasing an additional 56,449 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Blue Bird by 0.4% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 635,920 shares of the company's stock valued at $30,499,000 after purchasing an additional 2,598 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Blue Bird by 2.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 327,857 shares of the company's stock worth $15,724,000 after buying an additional 7,770 shares during the period. Institutional investors own 93.59% of the company's stock.

Wall Street Analyst Weigh In

BLBD has been the topic of several research reports. Roth Mkm lowered Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price target on the stock. in a research note on Thursday, October 3rd. Bank of America reduced their price target on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating for the company in a report on Tuesday, November 26th. Roth Capital downgraded shares of Blue Bird from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 3rd. BTIG Research assumed coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They issued a "buy" rating and a $55.00 price objective for the company. Finally, StockNews.com upgraded Blue Bird from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $60.64.

Get Our Latest Report on Blue Bird

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 19,171 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total value of $822,244.19. Following the transaction, the chief financial officer now directly owns 89,347 shares of the company's stock, valued at approximately $3,832,092.83. This represents a 17.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by company insiders.

Blue Bird Stock Down 5.4 %

BLBD stock traded down $2.21 on Thursday, hitting $38.96. 1,350,528 shares of the company's stock were exchanged, compared to its average volume of 657,750. The firm has a 50 day moving average price of $40.58 and a two-hundred day moving average price of $44.95. Blue Bird Co. has a 12-month low of $27.09 and a 12-month high of $59.40. The stock has a market cap of $1.25 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.06 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.73 earnings per share for the quarter, hitting analysts' consensus estimates of $0.73. Blue Bird had a return on equity of 91.12% and a net margin of 7.83%. As a group, equities research analysts expect that Blue Bird Co. will post 3.77 EPS for the current fiscal year.

Blue Bird Company Profile

(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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Institutional Ownership by Quarter for Blue Bird (NASDAQ:BLBD)

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