Deutsche Bank AG Boosts Stock Position in Blue Bird Co. (NASDAQ:BLBD)

Deutsche Bank AG lifted its position in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,193 shares of the company's stock after buying an additional 21,012 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of Blue Bird worth $3,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. raised its holdings in shares of Blue Bird by 5.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 210,040 shares of the company's stock valued at $8,114,000 after buying an additional 11,530 shares during the period. Dunhill Financial LLC increased its holdings in Blue Bird by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after purchasing an additional 500 shares during the period. Balyasny Asset Management L.P. increased its holdings in Blue Bird by 46.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 46,596 shares of the company's stock worth $1,800,000 after purchasing an additional 14,853 shares during the period. Bank of America Corp DE increased its holdings in Blue Bird by 66.5% during the 4th quarter. Bank of America Corp DE now owns 782,466 shares of the company's stock worth $30,227,000 after purchasing an additional 312,493 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Blue Bird by 31.0% during the 4th quarter. BNP Paribas Financial Markets now owns 195,575 shares of the company's stock worth $7,555,000 after purchasing an additional 46,237 shares during the period. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BLBD shares. Barclays cut their price target on Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. StockNews.com downgraded Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. DA Davidson cut their price target on Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Needham & Company LLC dropped their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Blue Bird currently has a consensus rating of "Moderate Buy" and an average price target of $56.79.

Blue Bird Trading Up 1.1%

BLBD opened at $41.25 on Tuesday. Blue Bird Co. has a one year low of $30.04 and a one year high of $59.40. The company has a market cap of $1.30 billion, a P/E ratio of 12.77, a PEG ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. The business's 50-day simple moving average is $35.25 and its 200-day simple moving average is $37.60.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. The firm had revenue of $358.85 million during the quarter, compared to analysts' expectations of $348.23 million. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. As a group, equities research analysts expect 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.

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