Graham Capital Management L.P. bought a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,895 shares of the company's stock, valued at approximately $807,000. Graham Capital Management L.P. owned approximately 0.07% of Blue Bird as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of 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 buying an additional 2,998,453 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 buying an additional 25,745 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of 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 buying an additional 160,248 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of 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 buying an additional 689,394 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Blue Bird by 66.5% in the fourth quarter. Bank of America Corp DE now owns 782,466 shares of the company's stock valued at $30,227,000 after buying an additional 312,493 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on BLBD shares. DA Davidson dropped their price objective on Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a report on Monday, April 21st. Needham & Company LLC dropped their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Barclays dropped their price objective on Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, StockNews.com cut Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday. Three equities research 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, Blue Bird currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.79.
Check Out Our Latest Analysis on Blue Bird
Blue Bird Stock Up 1.1%
NASDAQ:BLBD traded up $0.46 during trading hours on Friday, reaching $40.82. 331,540 shares of the stock were exchanged, compared to its average volume of 647,792. Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The firm has a 50 day moving average of $35.10 and a 200 day moving average of $37.67. The stock has a market cap of $1.29 billion, a PE ratio of 12.64, a PEG ratio of 0.84 and a beta of 1.43.
Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. The firm had revenue of $358.85 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.89 EPS. On average, equities analysts expect that Blue Bird Co. will post 3.86 earnings per share for the current year.
About Blue Bird
(
Free Report)
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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