Blue Bird Co. (NASDAQ:BLBD) Stock Holdings Raised by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Blue Bird Co. (NASDAQ:BLBD) by 1,227.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,580 shares of the company’s stock after buying an additional 1,461 shares during the period. Signaturefd LLC’s holdings in Blue Bird were worth $76,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. bought a new stake in shares of Blue Bird during the 1st quarter valued at about $2,134,000. Principal Financial Group Inc. boosted its stake in Blue Bird by 104.8% during the 1st quarter. Principal Financial Group Inc. now owns 49,057 shares of the company’s stock valued at $1,881,000 after purchasing an additional 25,102 shares during the period. Swiss National Bank boosted its stake in Blue Bird by 33.4% during the 1st quarter. Swiss National Bank now owns 63,500 shares of the company’s stock valued at $2,435,000 after purchasing an additional 15,900 shares during the period. Vanguard Group Inc. boosted its stake in Blue Bird by 36.0% during the 1st quarter. Vanguard Group Inc. now owns 1,911,645 shares of the company’s stock valued at $73,292,000 after purchasing an additional 505,727 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Blue Bird by 2,177.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 55,342 shares of the company’s stock valued at $2,122,000 after purchasing an additional 52,912 shares during the period. Institutional investors own 93.59% of the company’s stock.

Insider Buying and Selling

In related news, President Britton Smith sold 2,508 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total value of $124,923.48. Following the sale, the president now directly owns 80,617 shares in the company, valued at $4,015,532.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Phil Horlock sold 32,159 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $48.93, for a total transaction of $1,573,539.87. Following the sale, the chief executive officer now owns 299,812 shares in the company, valued at $14,669,801.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Britton Smith sold 2,508 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total transaction of $124,923.48. Following the sale, the president now owns 80,617 shares in the company, valued at $4,015,532.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,240 shares of company stock worth $2,725,146 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Blue Bird Stock Up 1.7 %

NASDAQ BLBD opened at $43.19 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.66. The company’s 50 day simple moving average is $47.16 and its 200 day simple moving average is $48.04. Blue Bird Co. has a 12 month low of $17.59 and a 12 month high of $59.40. The company has a market capitalization of $1.39 billion, a P/E ratio of 17.49, a PEG ratio of 0.21 and a beta of 1.60.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.42. Blue Bird had a net margin of 7.65% and a return on equity of 116.23%. The business had revenue of $333.37 million for the quarter, compared to the consensus estimate of $330.00 million. During the same period in the previous year, the firm earned $0.42 EPS. Equities research analysts expect that Blue Bird Co. will post 3.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on BLBD. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research note on Tuesday. Roth Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. BTIG Research assumed coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of Blue Bird in a research note on Tuesday, September 10th. Finally, DA Davidson upped their price target on shares of Blue Bird from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.00.

Blue Bird 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.