Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Boston Partners

Boston Partners trimmed its stake in shares of Blue Bird Co. (NASDAQ:BLBD) by 96.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,680 shares of the company’s stock after selling 369,538 shares during the quarter. Boston Partners’ holdings in Blue Bird were worth $451,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BLBD. Victory Capital Management Inc. grew its position in shares of Blue Bird by 95.9% during the third quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock worth $2,504,000 after buying an additional 25,563 shares in the last quarter. Intech Investment Management LLC acquired a new position in Blue Bird during the 3rd quarter worth approximately $492,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Blue Bird by 34.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock valued at $14,784,000 after purchasing an additional 79,129 shares in the last quarter. Algert Global LLC lifted its position in shares of Blue Bird by 24.5% during the 3rd quarter. Algert Global LLC now owns 131,510 shares of the company’s stock worth $6,307,000 after purchasing an additional 25,859 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of 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 purchasing an additional 12,576 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

BLBD has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their price target on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com cut Blue Bird from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Craig Hallum increased their price target 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. Finally, Bank of America reduced their price objective on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Three investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.21.

Blue Bird Price Performance

BLBD stock opened at $33.55 on Monday. The business has a 50 day simple moving average of $36.46 and a 200-day simple moving average of $40.84. The company has a market capitalization of $1.08 billion, a P/E ratio of 10.39, a PEG ratio of 0.84 and a beta of 1.58. Blue Bird Co. has a twelve month low of $30.67 and a twelve month high of $59.40. 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 EPS 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, equities analysts anticipate that Blue Bird Co. will post 3.86 EPS for the current year.

Insider Buying and Selling at Blue Bird

In other 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 value of $108,565.76. Following the transaction, the chief financial officer now owns 88,664 shares of the company’s stock, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

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.