Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 106,200 Blue Bird Co. (NASDAQ:BLBD)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Blue Bird Co. (NASDAQ:BLBD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 106,200 shares of the company’s stock, valued at approximately $5,719,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.33% of Blue Bird as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Covestor Ltd purchased a new position in shares of Blue Bird in the first quarter valued at about $29,000. Macroview Investment Management LLC purchased a new stake in shares of Blue Bird in the second quarter worth about $29,000. Quarry LP lifted its position in shares of Blue Bird by 43.9% in the second quarter. Quarry LP now owns 1,174 shares of the company’s stock worth $63,000 after buying an additional 358 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Blue Bird in the second quarter worth about $81,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Blue Bird in the second quarter worth about $113,000. Institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BLBD shares. Barclays boosted their price objective on Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. 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 research note on Thursday. DA Davidson upped their target price on Blue Bird from $66.00 to $67.00 and gave the company a “buy” rating in a research note 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 note on Tuesday, September 10th. Finally, StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Blue Bird has an average rating of “Moderate Buy” and an average price target of $62.00.

Blue Bird Stock Up 0.5 %

Blue Bird stock opened at $42.94 on Friday. The business has a fifty day moving average of $48.92 and a two-hundred day moving average of $47.18. 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 firm has a market cap of $1.39 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.28 and a beta of 1.60. Blue Bird Co. has a twelve month low of $17.59 and a twelve month high of $59.40.

Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $330.00 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, analysts forecast that Blue Bird Co. will post 3.22 earnings per share for the current fiscal year.

Insider Activity

In other news, President Britton Smith sold 2,508 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $48.00, for a total transaction of $120,384.00. Following the completion of the sale, the president now owns 83,125 shares in the company, valued at approximately $3,990,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, President Britton Smith sold 2,508 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $48.00, for a total transaction of $120,384.00. Following the completion of the sale, the president now owns 83,125 shares in the company, valued at approximately $3,990,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ted Scartz sold 2,985 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $48.60, for a total value of $145,071.00. Following the sale, the senior vice president now owns 51,863 shares of the company’s stock, valued at approximately $2,520,541.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,240 shares of company stock worth $2,725,146. Insiders own 2.10% of the company’s stock.

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.