Blue Bird Co. (NASDAQ:BLBD) Stock Position Increased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its position in shares of Blue Bird Co. (NASDAQ:BLBDFree Report) by 29.6% in the fourth quarter, HoldingsChannel reports. The firm owned 34,050 shares of the company’s stock after acquiring an additional 7,772 shares during the period. Wedge Capital Management L L P NC’s holdings in Blue Bird were worth $1,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Blue Bird by 268.0% during the third quarter. FMR LLC now owns 1,841,745 shares of the company’s stock valued at $88,330,000 after buying an additional 1,341,259 shares during the last quarter. Millennium Management LLC raised its stake in Blue Bird by 414.2% during the 2nd quarter. Millennium Management LLC now owns 256,933 shares of the company’s stock valued at $13,836,000 after acquiring an additional 206,966 shares in the last quarter. Geode Capital Management LLC raised its stake in Blue Bird by 26.2% during the 3rd quarter. Geode Capital Management LLC now owns 752,228 shares of the company’s stock valued at $36,084,000 after acquiring an additional 156,298 shares in the last quarter. Barclays PLC boosted its position in Blue Bird by 976.5% during the 3rd quarter. Barclays PLC now owns 128,658 shares of the company’s stock worth $6,171,000 after acquiring an additional 116,707 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Blue Bird in the second quarter worth $5,719,000. Institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

BLBD has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $66.00 price objective on shares of Blue Bird in a research note on Tuesday, January 14th. Bank of America dropped their price target on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Roth Capital cut shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Roth Mkm cut Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Thursday, October 3rd. Finally, Craig Hallum increased their price target on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.64.

Read Our Latest Report on Blue Bird

Insider Buying and Selling at Blue Bird

In related 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 value of $822,244.19. Following the transaction, the chief financial officer now directly owns 89,347 shares in the company, valued at $3,832,092.83. The trade was a 17.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Blue Bird Stock Down 3.3 %

BLBD stock opened at $40.96 on Tuesday. The firm has a market cap of $1.32 billion, a PE ratio of 12.88, a P/E/G ratio of 1.05 and a beta of 1.58. Blue Bird Co. has a 12 month low of $24.44 and a 12 month high of $59.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $40.56 and a 200 day simple moving average of $45.01.

Blue Bird 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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