UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Blue Bird Co. (NASDAQ:BLBD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Blue Bird Co. (NASDAQ:BLBD) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,746 shares of the company’s stock after selling 4,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Blue Bird worth $1,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Quarry LP grew its position in shares of Blue Bird by 43.9% during the second quarter. Quarry LP now owns 1,174 shares of the company’s stock worth $63,000 after acquiring an additional 358 shares during the last quarter. Savant Capital LLC grew its position in shares of Blue Bird by 3.4% during the second quarter. Savant Capital LLC now owns 11,473 shares of the company’s stock worth $618,000 after acquiring an additional 382 shares during the last quarter. Macroview Investment Management LLC acquired a new stake in shares of Blue Bird during the second quarter worth $29,000. Townsquare Capital LLC lifted its holdings in shares of Blue Bird by 9.3% during the third quarter. Townsquare Capital LLC now owns 8,235 shares of the company’s stock worth $395,000 after purchasing an additional 700 shares during the period. Finally, Creative Planning lifted its holdings in shares of Blue Bird by 13.5% during the third quarter. Creative Planning now owns 5,937 shares of the company’s stock worth $285,000 after purchasing an additional 707 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLBD shares. Craig Hallum increased their price target on Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Bank of America decreased their price target on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. Roth Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, BTIG Research assumed coverage on Blue Bird in a report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Blue Bird currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

Blue Bird Price Performance

Blue Bird stock opened at $43.71 on Monday. Blue Bird Co. has a one year low of $23.76 and a one year high of $59.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. The business has a fifty day moving average of $41.79 and a two-hundred day moving average of $47.62. The company has a market cap of $1.41 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.59.

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.