Creative Planning grew its holdings in shares of Blue Bird Co. (NASDAQ:BLBD – Free Report) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,937 shares of the company’s stock after buying an additional 707 shares during the quarter. Creative Planning’s holdings in Blue Bird were worth $285,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. purchased a new stake in Blue Bird in the 1st quarter valued at $2,134,000. Swiss National Bank raised its holdings in shares of Blue Bird by 33.4% in the first quarter. Swiss National Bank now owns 63,500 shares of the company’s stock valued at $2,435,000 after purchasing an additional 15,900 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Blue Bird by 36.0% during the first quarter. Vanguard Group Inc. now owns 1,911,645 shares of the company’s stock valued at $73,292,000 after purchasing an additional 505,727 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Blue Bird during the first quarter worth about $4,000,000. Finally, Algert Global LLC grew its position in Blue Bird by 360.0% in the 2nd quarter. Algert Global LLC now owns 105,651 shares of the company’s stock worth $5,689,000 after purchasing an additional 82,681 shares in the last quarter. 93.59% of the stock is owned by institutional investors.
Blue Bird Trading Up 0.6 %
NASDAQ:BLBD opened at $41.54 on Friday. The company has a market cap of $1.34 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.20 and a beta of 1.62. Blue Bird Co. has a 1 year low of $17.65 and a 1 year high of $59.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.66. The stock’s fifty day moving average price is $46.06 and its two-hundred day moving average price is $48.28.
Insiders Place Their Bets
In other news, President Britton Smith sold 2,508 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total value of $124,923.48. Following the transaction, the president now owns 80,617 shares of the company’s stock, valued at approximately $4,015,532.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, President Britton Smith sold 2,508 shares of the business’s stock in a transaction dated 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 owns 80,617 shares of the company’s stock, valued at approximately $4,015,532.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ted Scartz sold 2,985 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $48.60, for a total transaction of $145,071.00. Following the completion of the transaction, the senior vice president now owns 51,863 shares in the company, valued at approximately $2,520,541.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,240 shares of company stock worth $2,725,146 in the last three months. 2.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Barclays increased their price target on Blue Bird from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of Blue Bird in a research report on Tuesday, September 10th. Roth Capital cut Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. BTIG Research started coverage on shares of Blue Bird in a research report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price target for the company. Finally, Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Blue Bird presently has an average rating of “Moderate Buy” and a consensus target price of $61.00.
View Our Latest Stock Report on BLBD
Blue Bird Company 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.
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