Janus Henderson Group PLC Grows Position in Blue Bird Co. (NASDAQ:BLBD)

Janus Henderson Group PLC increased its position in shares of Blue Bird Co. (NASDAQ:BLBD) by 357.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,655 shares of the company’s stock after purchasing an additional 45,055 shares during the period. Janus Henderson Group PLC owned approximately 0.18% of Blue Bird worth $2,764,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Macroview Investment Management LLC bought a new stake in Blue Bird during the 2nd quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in Blue Bird during the 3rd quarter valued at about $35,000. Private Trust Co. NA bought a new stake in Blue Bird during the 3rd quarter valued at about $38,000. nVerses Capital LLC bought a new stake in Blue Bird during the 3rd quarter valued at about $53,000. Finally, Quarry LP lifted its holdings in Blue Bird by 43.9% during the 2nd quarter. Quarry LP now owns 1,174 shares of the company’s stock valued at $63,000 after buying an additional 358 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Blue Bird Stock Up 3.3 %

BLBD opened at $41.35 on Thursday. The firm has a 50 day moving average price of $41.79 and a 200 day moving average price of $47.79. The company has a market cap of $1.33 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.01 and a beta of 1.59. Blue Bird Co. has a 1 year low of $23.17 and a 1 year high of $59.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37.

Analyst Ratings Changes

Several research firms have recently commented on BLBD. StockNews.com upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Thursday, October 3rd. Roth Capital downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Bank of America cut their price objective on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, Craig Hallum lifted their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

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.