39,850 Shares in Blue Bird Corporation (NASDAQ:BLBD) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Blue Bird Corporation (NASDAQ:BLBD) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 39,850 shares of the company’s stock, valued at approximately $1,290,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Blue Bird at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Blue Bird by 50.2% during the first quarter. Victory Capital Management Inc. now owns 68,171 shares of the company’s stock valued at $2,207,000 after acquiring an additional 22,799 shares during the last quarter. Tectonic Advisors LLC boosted its stake in shares of Blue Bird by 36.9% in the first quarter. Tectonic Advisors LLC now owns 26,357 shares of the company’s stock worth $853,000 after acquiring an additional 7,110 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Blue Bird by 26.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 43,954 shares of the company’s stock worth $1,423,000 after purchasing an additional 9,130 shares in the last quarter. CWM LLC raised its stake in Blue Bird by 9.3% in the 1st quarter. CWM LLC now owns 3,771 shares of the company’s stock valued at $122,000 after purchasing an additional 322 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Blue Bird by 45.1% in the 1st quarter. Alps Advisors Inc. now owns 10,300 shares of the company’s stock valued at $333,000 after purchasing an additional 3,200 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Trading Down 0.5%

Shares of Blue Bird stock opened at $44.79 on Friday. The stock has a 50 day moving average of $42.59 and a 200 day moving average of $38.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.45. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.12 and a beta of 1.41. Blue Bird Corporation has a fifty-two week low of $30.04 and a fifty-two week high of $55.60.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.95 by $0.01. The business had revenue of $358.85 million for the quarter, compared to analyst estimates of $348.23 million. Blue Bird had a return on equity of 64.83% and a net margin of 7.97%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. As a group, research analysts predict that Blue Bird Corporation will post 3.86 earnings per share for the current year.

Insider Transactions at Blue Bird

In other news, CFO Razvan Radulescu sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $45.19, for a total value of $451,900.00. Following the transaction, the chief financial officer directly owned 58,203 shares in the company, valued at approximately $2,630,193.57. This represents a 14.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Phil Horlock sold 13,289 shares of Blue Bird stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $41.70, for a total transaction of $554,151.30. Following the completion of the sale, the director owned 270,766 shares of the company’s stock, valued at $11,290,942.20. This trade represents a 4.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,149 shares of company stock worth $1,369,666 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 target price on shares of Blue Bird in a research note on Tuesday, May 27th. Wall Street Zen cut shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Barclays cut their price objective on shares of Blue Bird from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, DA Davidson lowered their target price on Blue Bird from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.79.

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.