2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. cut its position in Blue Bird Co. ( NASDAQ:BLBD – Free Report ) by 69.
5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,872 shares of the company’s stock after selling 136,408 shares during the period. Russell Investments Group Ltd.
owned approximately 0.19% of Blue Bird worth $2,313,000 at the end of the most recent quarter. Several other institutional investors have also recently modified their holdings of the company.
Vanguard Group Inc. increased its holdings in Blue Bird by 1.1% in the 4th quarter.
Vanguard Group Inc. now owns 2,426,912 shares of the company’s stock worth $93,752,000 after buying an additional 25,745 shares during the period. Wellington Management Group LLP raised its holdings in shares of Blue Bird by 13.
6% during the fourth quarter. Wellington Management Group LLP now owns 1,335,122 shares of the company’s stock worth $51,576,000 after purchasing an additional 160,248 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Blue Bird by 1.
8% in the fourth quarter. Geode Capital Management LLC now owns 765,490 shares of the company’s stock valued at $29,578,000 after purchasing an additional 13,262 shares during the last quarter. State Street Corp raised its stake in shares of Blue Bird by 8.
4% during the 3rd quarter. State Street Corp now owns 725,573 shares of the company’s stock valued at $34,798,000 after buying an additional 56,449 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc.
grew its holdings in Blue Bird by 0.8% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc.
now owns 641,265 shares of the company’s stock worth $24,772,000 after acquiring an additional 5,345 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes BLBD has been the topic of several recent research reports. StockNews.com upgraded Blue Bird from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th.
Needham & Company LLC reduced their price target on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, February 6th.
Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.
21. Insider Activity In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.
12, for a total value of $108,565.76. Following the transaction, the chief financial officer now directly owns 88,664 shares in the company, valued at $3,379,871.
68. The trade was a 3.11 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Corporate insiders own 1.10% of the company’s stock.
Blue Bird Stock Performance BLBD opened at $33.71 on Friday. The company has a current ratio of 1.
44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.
The firm’s 50-day moving average price is $34.14 and its 200 day moving average price is $38.54.
Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.
40. The firm has a market capitalization of $1.08 billion, a PE ratio of 10.
44, a PEG ratio of 0.84 and a beta of 1.38.
Blue Bird ( NASDAQ:BLBD – Get Free Report ) last posted its quarterly earnings results 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%. As a group, sell-side analysts expect that Blue Bird Co.
will post 3.86 EPS for the current fiscal year. About Blue Bird ( 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. Read More Receive News & Ratings for Blue Bird Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Bird and related companies with MarketBeat.
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