Principal Financial Group Inc. Has $2.78 Million Stock Position in Blue Bird Co. (NASDAQ:BLBD)

Principal Financial Group Inc. grew its holdings in Blue Bird Co. (NASDAQ:BLBDFree Report) by 60.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,019 shares of the company’s stock after purchasing an additional 21,919 shares during the period. Principal Financial Group Inc.’s holdings in Blue Bird were worth $2,783,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Axxcess Wealth Management LLC acquired a new stake in Blue Bird in the 3rd quarter valued at $987,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Blue Bird by 34.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock worth $14,784,000 after buying an additional 79,129 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Blue Bird by 95.9% in the 3rd quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock valued at $2,504,000 after acquiring an additional 25,563 shares in the last quarter. Algert Global LLC increased its position in shares of Blue Bird by 360.0% in the second quarter. Algert Global LLC now owns 105,651 shares of the company’s stock valued at $5,689,000 after acquiring an additional 82,681 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Blue Bird by 138.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 21,692 shares of the company’s stock worth $1,040,000 after acquiring an additional 12,576 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Razvan Radulescu sold 19,171 shares of Blue Bird stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total transaction of $822,244.19. Following the completion of the sale, the chief financial officer now owns 89,347 shares of the company’s stock, valued at approximately $3,832,092.83. This trade represents a 17.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

BLBD has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target on shares of Blue Bird in a research report on Friday, December 13th. Roth Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Roth Mkm cut shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Thursday, October 3rd. BTIG Research started coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, Craig Hallum raised their target price on shares of Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Blue Bird has an average rating of “Moderate Buy” and a consensus price target of $60.64.

Read Our Latest Stock Analysis on BLBD

Blue Bird Stock Performance

NASDAQ BLBD opened at $41.77 on Friday. Blue Bird Co. has a 52-week low of $24.08 and a 52-week high of $59.40. The stock has a market cap of $1.35 billion, a PE ratio of 13.14, a P/E/G ratio of 1.10 and a beta of 1.59. The firm has a 50-day moving average of $40.81 and a 200-day moving average of $46.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37.

Blue Bird Company Profile

(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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Institutional Ownership by Quarter for Blue Bird (NASDAQ:BLBD)

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