Blue Bird Co. (NASDAQ:BLBD) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in Blue Bird Co. (NASDAQ:BLBD) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,365 shares of the company’s stock after purchasing an additional 2,357 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.18% of Blue Bird worth $2,293,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC grew its holdings in Blue Bird by 976.5% during the 3rd quarter. Barclays PLC now owns 128,658 shares of the company’s stock valued at $6,171,000 after buying an additional 116,707 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Blue Bird by 38.3% during the third quarter. Virtu Financial LLC now owns 15,519 shares of the company’s stock valued at $744,000 after acquiring an additional 4,295 shares during the last quarter. Franklin Resources Inc. increased its position in Blue Bird by 13.0% during the 3rd quarter. Franklin Resources Inc. now owns 60,329 shares of the company’s stock worth $2,712,000 after purchasing an additional 6,940 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Blue Bird by 2.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 327,857 shares of the company’s stock valued at $15,724,000 after purchasing an additional 7,770 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Blue Bird by 60.7% in the 3rd quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock valued at $2,783,000 after purchasing an additional 21,919 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Bird

In related news, CFO Razvan Radulescu sold 2,848 shares of Blue Bird stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.12, for a total transaction of $108,565.76. Following the transaction, the chief financial officer now owns 88,664 shares in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. DA Davidson lowered their price target on shares of Blue Bird from $67.00 to $61.00 and set a “buy” rating for the company in a report on Monday, April 21st. Needham & Company LLC cut their price target on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com upgraded Blue Bird from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.36.

Blue Bird Trading Up 1.4 %

BLBD stock opened at $35.79 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.84 and a beta of 1.38. The business has a fifty day simple moving average of $34.04 and a 200-day simple moving average of $38.22. Blue Bird Co. has a 52 week low of $30.04 and a 52 week high of $59.40.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. On average, equities research analysts expect that Blue Bird Co. will post 3.86 EPS for the current year.

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.