Invesco Ltd. Has $2.13 Million Stake in Blue Bird Corporation $BLBD

Invesco Ltd. lowered its position in Blue Bird Corporation (NASDAQ:BLBD) by 9.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 65,643 shares of the company’s stock after selling 6,621 shares during the period. Invesco Ltd. owned 0.20% of Blue Bird worth $2,125,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its position in shares of Blue Bird by 9.3% in the 1st quarter. CWM LLC now owns 3,771 shares of the company’s stock worth $122,000 after purchasing an additional 322 shares during the period. Quarry LP lifted its position in shares of Blue Bird by 55.0% in the 4th quarter. Quarry LP now owns 1,262 shares of the company’s stock worth $49,000 after purchasing an additional 448 shares during the period. Dunhill Financial LLC lifted its position in shares of Blue Bird by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Blue Bird by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,274 shares of the company’s stock valued at $706,000 after acquiring an additional 654 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Blue Bird by 44.1% during the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company’s stock valued at $85,000 after acquiring an additional 674 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 700 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $60.02, for a total value of $42,014.00. Following the completion of the sale, the chief financial officer owned 47,503 shares in the company, valued at $2,851,130.06. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ted Scartz sold 8,877 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $55.22, for a total transaction of $490,187.94. Following the completion of the sale, the senior vice president owned 48,769 shares of the company’s stock, valued at approximately $2,693,024.18. The trade was a 15.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,832 shares of company stock worth $7,559,425. 1.10% of the stock is owned by corporate insiders.

Blue Bird Stock Performance

Shares of BLBD stock opened at $58.39 on Friday. The firm has a market capitalization of $1.85 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.50. The firm has a fifty day simple moving average of $48.36 and a two-hundred day simple moving average of $40.56. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. Blue Bird Corporation has a 12 month low of $30.04 and a 12 month high of $60.45.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. The business had revenue of $398.01 million during the quarter, compared to analyst estimates of $377.64 million. Blue Bird had a net margin of 8.16% and a return on equity of 61.66%. Blue Bird’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. Analysts forecast that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BLBD. Wall Street Zen upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Barclays dropped their target price on shares of Blue Bird from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC boosted their target price on shares of Blue Bird from $49.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Zacks Research upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Blue Bird currently has an average rating of “Moderate Buy” and a consensus price target of $57.36.

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.