107,364 Shares in Blue Bird Co. (NASDAQ:BLBD) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC acquired a new position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,364 shares of the company's stock, valued at approximately $4,147,000. Voloridge Investment Management LLC owned approximately 0.33% of Blue Bird at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLBD. FMR LLC boosted its holdings in Blue Bird by 162.8% in the fourth quarter. FMR LLC now owns 4,840,198 shares of the company's stock valued at $186,977,000 after acquiring an additional 2,998,453 shares during the last quarter. Vanguard Group Inc. boosted its holdings in 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 during the last quarter. Westwood Holdings Group Inc. boosted its holdings in Blue Bird by 14.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,933,278 shares of the company's stock valued at $74,683,000 after acquiring an additional 241,117 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Blue Bird by 13.6% in the fourth quarter. Wellington Management Group LLP now owns 1,335,122 shares of the company's stock valued at $51,576,000 after acquiring an additional 160,248 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Blue Bird by 355.3% in the fourth quarter. First Trust Advisors LP now owns 883,404 shares of the company's stock valued at $34,126,000 after acquiring an additional 689,394 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson reduced their target price 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 restated a "buy" rating and set a $49.00 target price on shares of Blue Bird in a report on Tuesday. Wall Street Zen cut Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Barclays reduced their target price 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.79.

Blue Bird Trading Down 0.6%

Shares of BLBD stock traded down $0.25 on Friday, hitting $38.92. The company had a trading volume of 425,797 shares, compared to its average volume of 639,431. The firm has a market cap of $1.23 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.84 and a beta of 1.43. The stock's 50-day moving average is $36.09 and its two-hundred day moving average is $37.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.40.

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

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.