Blue Bird Co. (NASDAQ:BLBD) Shares Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC boosted its position in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 36.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,379 shares of the company's stock after purchasing an additional 21,769 shares during the period. Insight Wealth Strategies LLC owned about 0.25% of Blue Bird worth $2,634,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its holdings in Blue Bird by 976.5% during the 3rd quarter. Barclays PLC now owns 128,658 shares of the company's stock valued at $6,171,000 after buying an additional 116,707 shares during the last quarter. KBC Group NV increased its position in Blue Bird by 75.3% during the fourth quarter. KBC Group NV now owns 1,420 shares of the company's stock worth $55,000 after buying an additional 610 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of 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 valued at $24,772,000 after acquiring an additional 5,345 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Blue Bird by 15.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company's stock valued at $183,000 after acquiring an additional 640 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Blue Bird by 76.9% during the fourth quarter. Hodges Capital Management Inc. now owns 122,385 shares of the company's stock valued at $4,728,000 after acquiring an additional 53,185 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Blue Bird Trading Down 1.6%

Shares of Blue Bird stock traded down $0.60 during trading hours on Monday, reaching $38.10. The stock had a trading volume of 189,626 shares, compared to its average volume of 578,302. The firm has a 50 day simple moving average of $36.09 and a two-hundred day simple moving average of $37.46. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 0.84 and a beta of 1.43. 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 1 year low of $30.04 and a 1 year high of $59.40.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. The company had revenue of $358.85 million for 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 firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, equities research analysts anticipate that Blue Bird Co. will post 3.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BLBD. Needham & Company LLC reaffirmed a "buy" rating and set a $49.00 price objective on shares of Blue Bird in a research note on Tuesday, May 27th. Barclays decreased their price objective on Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. DA Davidson decreased their price objective 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, Wall Street Zen cut Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Blue Bird currently has an average rating of "Moderate Buy" and an average price target of $56.79.

Blue Bird Company 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.