Private Advisor Group LLC Buys Shares of 4,171 Blue Bird Co. (NASDAQ:BLBD)

Private Advisor Group LLC bought a new stake in Blue Bird Co. (NASDAQ:BLBD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,171 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd purchased a new stake in shares of Blue Bird in the 1st quarter valued at $29,000. Macroview Investment Management LLC purchased a new stake in Blue Bird during the 2nd quarter worth about $29,000. nVerses Capital LLC purchased a new stake in Blue Bird during the 3rd quarter worth about $53,000. Quarry LP increased its holdings in Blue Bird by 43.9% during the 2nd quarter. Quarry LP now owns 1,174 shares of the company’s stock worth $63,000 after purchasing an additional 358 shares during the period. Finally, Signaturefd LLC increased its holdings in Blue Bird by 1,227.7% during the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock worth $76,000 after purchasing an additional 1,461 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Insider Transactions at Blue Bird

In other news, CEO Phil Horlock sold 16,080 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.34, for a total transaction of $761,227.20. Following the completion of the transaction, the chief executive officer now directly owns 331,971 shares of the company’s stock, valued at approximately $15,715,507.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Ted Scartz sold 2,985 shares of the firm’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 value of $145,071.00. Following the completion of the transaction, the senior vice president now directly owns 51,863 shares of the company’s stock, valued at $2,520,541.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phil Horlock sold 16,080 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $47.34, for a total value of $761,227.20. Following the completion of the transaction, the chief executive officer now directly owns 331,971 shares of the company’s stock, valued at $15,715,507.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,240 shares of company stock valued at $2,725,146. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

BLBD has been the topic of several recent research reports. BTIG Research initiated coverage on Blue Bird in a report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price target on the stock. Bank of America upped their price objective on Blue Bird from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson upped their price objective on Blue Bird from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Barclays upped their target price on Blue Bird from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Blue Bird Stock Up 0.6 %

Blue Bird stock opened at $41.54 on Friday. Blue Bird Co. has a twelve month low of $17.65 and a twelve month high of $59.40. The stock has a 50 day moving average of $46.06 and a two-hundred day moving average of $48.28. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.21 and a beta of 1.62.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data 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 analysts’ expectations of $330.00 million. During the same period last year, the firm earned $0.42 EPS. As a group, research analysts expect that Blue Bird Co. will post 3.22 earnings per share for the current year.

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.