3 days Ago By ABMN Staff
Federated Hermes Inc. trimmed its holdings in Blue Bird Co. ( NASDAQ:BLBD – Free Report ) by 8.
2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 355,123 shares of the company’s stock after selling 31,866 shares during the period. Federated Hermes Inc.
owned about 1.10% of Blue Bird worth $19,123,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also made changes to their positions in BLBD.
Covestor Ltd acquired a new position in Blue Bird during the 1st quarter worth $29,000. Macroview Investment Management LLC bought a new stake in Blue Bird in the second quarter valued at about $29,000. Meeder Asset Management Inc.
bought a new stake in Blue Bird in the second quarter valued at about $81,000. Victory Capital Management Inc. acquired a new stake in Blue Bird during the fourth quarter valued at approximately $89,000.
Finally, Virtus Investment Advisers Inc. bought a new position in Blue Bird during the 1st quarter worth approximately $120,000. Institutional investors own 93.
59% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts recently issued reports on BLBD shares. Craig Hallum upped their price target on Blue Bird from $54.
00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Barclays increased their target price on shares of Blue Bird from $43.
00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.
00 price target on shares of Blue Bird in a report on Tuesday, September 10th. Bank of America increased their price objective on shares of Blue Bird from $60.00 to $66.
00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, StockNews.com downgraded Blue Bird from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.
One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.17.
Insiders Place Their Bets In other news, CFO Razvan Radulescu sold 5,000 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $47.08, for a total transaction of $235,400.
00. Following the transaction, the chief financial officer now directly owns 88,926 shares of the company’s stock, valued at $4,186,636.08.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . In other Blue Bird news, President Britton Smith sold 2,508 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.
81, for a total transaction of $124,923.48. Following the completion of the transaction, the president now directly owns 80,617 shares of the company’s stock, valued at approximately $4,015,532.
77. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, CFO Razvan Radulescu sold 5,000 shares of Blue Bird stock in a transaction on Friday, July 5th.
The shares were sold at an average price of $47.08, for a total value of $235,400.00.
Following the transaction, the chief financial officer now owns 88,926 shares in the company, valued at $4,186,636.08. The disclosure for this sale can be found here .
In the last quarter, insiders sold 61,240 shares of company stock worth $2,960,546. 2.10% of the stock is owned by company insiders.
Blue Bird Trading Up 1.8 % Shares of NASDAQ:BLBD opened at $50.22 on Monday.
The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.
66. The company’s 50-day moving average price is $49.08 and its 200 day moving average price is $45.
55. The company has a market cap of $1.63 billion, a PE ratio of 20.
33, a P/E/G ratio of 0.25 and a beta of 1.61.
Blue Bird Co. has a fifty-two week low of $17.59 and a fifty-two week high of $59.
40. Blue Bird ( NASDAQ:BLBD – Get Free Report ) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.
85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.42.
Blue Bird had a return on equity of 116.23% and a net margin of 7.65%.
The company had revenue of $333.37 million for the quarter, compared to analysts’ expectations of $330.00 million.
During the same quarter in the previous year, the company posted $0.42 earnings per share. Sell-side analysts anticipate that Blue Bird Co.
will post 3.22 earnings per share for the current year. 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. Read More Want to see what other hedge funds are holding BLBD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Blue Bird Co. ( NASDAQ:BLBD – Free Report ). Receive News & Ratings for Blue Bird Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Bird and related companies with MarketBeat.
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