Blue Bird Co. (NASDAQ:BLBD) Shares Acquired by Quarry LP

Quarry LP increased its position in shares of Blue Bird Co. (NASDAQ:BLBD) by 55.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,262 shares of the company’s stock after purchasing an additional 448 shares during the period. Quarry LP’s holdings in Blue Bird were worth $49,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. FMR LLC boosted its position in shares of Blue Bird by 162.8% during the 4th quarter. FMR LLC now owns 4,840,198 shares of the company’s stock worth $186,977,000 after acquiring an additional 2,998,453 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 25,745 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 purchasing an additional 160,248 shares during the last quarter. First Trust Advisors LP raised its holdings in Blue Bird by 355.3% during the fourth quarter. First Trust Advisors LP now owns 883,404 shares of the company’s stock worth $34,126,000 after purchasing an additional 689,394 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Blue Bird by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 765,490 shares of the company’s stock worth $29,578,000 after buying an additional 13,262 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Up 5.4 %

Blue Bird stock opened at $37.97 on Friday. The stock has a 50 day moving average of $34.08 and a two-hundred day moving average of $37.98. Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.40. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.84 and a beta of 1.38. The company has a current ratio of 1.44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. As a group, research analysts expect that Blue Bird Co. will post 3.86 earnings per share for the current year.

Insider Transactions at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.12, for a total transaction of $108,565.76. Following the transaction, the chief financial officer now owns 88,664 shares in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DA Davidson cut their price target on shares of Blue Bird from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. StockNews.com cut Blue Bird from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Needham & Company LLC decreased their target price on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Blue Bird currently has an average rating of “Moderate Buy” and a consensus price target of $57.36.

About Blue Bird

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.