Two Sigma Investments LP Has $8.43 Million Stock Position in Blue Bird Co. (NASDAQ:BLBD)

Two Sigma Investments LP reduced its position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,288 shares of the company's stock after selling 33,725 shares during the period. Two Sigma Investments LP owned approximately 0.68% of Blue Bird worth $8,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in Blue Bird by 162.8% during the 4th quarter. FMR LLC now owns 4,840,198 shares of the company's stock worth $186,977,000 after buying an additional 2,998,453 shares during the period. Vanguard Group Inc. grew its stake in shares of Blue Bird by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,426,912 shares of the company's stock valued at $93,752,000 after acquiring an additional 25,745 shares in the last quarter. Wellington Management Group LLP increased its position in 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 acquiring an additional 160,248 shares during the period. First Trust Advisors LP increased its position in Blue Bird by 355.3% during the fourth quarter. First Trust Advisors LP now owns 883,404 shares of the company's stock worth $34,126,000 after acquiring an additional 689,394 shares during the period. Finally, Bank of America Corp DE raised its stake in Blue Bird by 66.5% in 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 in the last quarter. 93.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $49.00 target price on shares of Blue Bird in a research report on Tuesday. DA Davidson reduced their price target on Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wall Street Zen lowered Blue Bird from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Barclays cut their target price on Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.79.

Blue Bird Price Performance

BLBD traded down $0.32 during trading on Friday, hitting $38.85. 37,377 shares of the stock traded hands, compared to its average volume of 637,230. The business has a 50 day moving average price of $36.01 and a 200 day moving average price of $37.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.40. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.84 and a beta of 1.43.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The company had revenue of $358.85 million during the quarter, compared to analysts' expectations of $348.23 million. During the same quarter in the previous year, the firm earned $0.89 EPS. Blue Bird's revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.

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.