Insight Wealth Strategies LLC Buys 21,769 Shares of Blue Bird Co. (NASDAQ:BLBD)

Insight Wealth Strategies LLC increased its stake in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 36.5% during the first quarter, according to its most recent filing with the 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 0.25% of Blue Bird worth $2,634,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC lifted 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 in the last quarter. Quarry LP raised its holdings in shares of Blue Bird by 55.0% in the 4th quarter. Quarry LP now owns 1,262 shares of the company's stock valued at $49,000 after acquiring an additional 448 shares in the last quarter. KBC Group NV raised its holdings in shares of Blue Bird by 75.3% in the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after acquiring an additional 610 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Blue Bird by 44.1% in the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock valued at $85,000 after acquiring an additional 674 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Blue Bird in the 4th quarter valued at about $87,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Blue Bird Price Performance

Shares of NASDAQ BLBD traded down $0.25 during trading hours on Friday, reaching $38.92. 425,797 shares of the stock traded hands, compared to its average volume of 639,249. The company has a market capitalization of $1.23 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. Blue Bird Co. has a 52-week low of $30.04 and a 52-week high of $59.40. The company's 50-day simple moving average is $36.09 and its two-hundred day simple moving average is $37.49.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 earnings per share for the quarter, beating 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%. Blue Bird's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. Equities research analysts forecast that Blue Bird Co. will post 3.86 EPS for the current year.

Wall Street Analysts Forecast Growth

BLBD has been the topic of several recent analyst reports. Wall Street Zen cut Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. DA Davidson lowered 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $49.00 price target on shares of Blue Bird in a report on Tuesday. Finally, Barclays lowered 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $56.79.

About Blue Bird

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.