SG Americas Securities LLC increased its holdings in Blue Bird Co. (NASDAQ:BLBD – Free Report) by 546.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,172 shares of the company’s stock after purchasing an additional 68,613 shares during the same period. SG Americas Securities LLC owned about 0.25% of Blue Bird worth $4,371,000, according to its most recent SEC filing.
A number of other major investors have also increased or reduced their holdings in BLBD. Westwood Holdings Group Inc. acquired a new position in shares of Blue Bird in the 1st quarter valued at around $83,817,000. Vanguard Group Inc. increased its holdings in Blue Bird by 36.0% in the 1st quarter. Vanguard Group Inc. now owns 1,911,645 shares of the company’s stock valued at $73,292,000 after buying an additional 505,727 shares during the same period. Boston Partners increased its holdings in Blue Bird by 279.5% in the 1st quarter. Boston Partners now owns 415,310 shares of the company’s stock valued at $15,587,000 after buying an additional 305,868 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Blue Bird by 91.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 329,574 shares of the company’s stock valued at $12,636,000 after purchasing an additional 157,468 shares during the same period. Finally, Brightline Capital Management LLC acquired a new position in shares of Blue Bird in the 4th quarter valued at $7,279,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.
Analysts set new price targets
Several research firms have issued reports on BLBD. Roth Mkm raised their price target on Blue Bird from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Bank of America raised their price target on Blue Bird from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Craig Hallum raised their price target on Blue Bird from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 24th. Barclays raised their price target on Blue Bird from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Friday. Finally, DA Davidson raised their price target on Blue Bird from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday. Eight investment analysts have rated the stock with a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $60.00.
Get our latest research report on Blue Bird
Blue Bird Trading rises 1.0%
BLBD opened at $49.05 on Monday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.37 and a beta of 1.63. Blue Bird Co. has a one year low of $17.59 and a one year high of $59.40. The company has a 50-day moving average of $51.97 and a 200-day moving average of $42.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.56.
Blue Bird (NASDAQ:BLBD – Get Free Report) last released its quarterly earnings results on Wednesday, August 7. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.42. Blue Bird had a return on equity of 154.10% and a net margin of 6.36%. The company had revenues of $333.37 million for the quarter, compared to analysts’ expectations of $330.00 million. During the same period last year, the company reported earnings per share of $0.42. Analysts forecast that Blue Bird Co. will report earnings per share of $2.71 for the current year.
Insiders place their bets
In related news, CFO Razvan Radulescu sold 5,000 shares of the company’s stock on Friday, July 5. The shares were sold at an average price of $47.08, for a total transaction of $235,400.00. Following the completion of the sale, the CFO now owns 88,926 shares of the company’s stock, valued at $4,186,636.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.
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 in two segments: Buses and Parts. It offers Type C, Type D and specialty buses, as well as alternative propulsion options through its propane, gasoline, compressed natural gas and electric school buses, as well as diesel engines.
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