Aviva PLC Has $501,000 Stake in Blue Bird Corporation $BLBD

Aviva PLC cut its stake in Blue Bird Corporation (NASDAQ:BLBD) by 34.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,615 shares of the company’s stock after selling 6,038 shares during the quarter. Aviva PLC’s holdings in Blue Bird were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC grew its holdings in Blue Bird by 9.3% during the first quarter. CWM LLC now owns 3,771 shares of the company’s stock worth $122,000 after buying an additional 322 shares in the last quarter. Redmond Asset Management LLC boosted its holdings in Blue Bird by 1.0% during the 2nd quarter. Redmond Asset Management LLC now owns 34,350 shares of the company’s stock worth $1,483,000 after acquiring an additional 350 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Blue Bird by 5.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,995 shares of the company’s stock worth $388,000 after acquiring an additional 457 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Blue Bird by 159.9% in the second quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock valued at $43,000 after purchasing an additional 611 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Blue Bird during the second quarter valued at about $29,000. Institutional investors own 93.59% of the company’s stock.

Insider Transactions at Blue Bird

In other Blue Bird news, Director Phil Horlock sold 13,000 shares of Blue Bird stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $59.02, for a total transaction of $767,260.00. Following the completion of the sale, the director directly owned 240,766 shares in the company, valued at $14,210,009.32. The trade was a 5.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Razvan Radulescu sold 6,709 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $57.41, for a total value of $385,163.69. Following the completion of the sale, the chief financial officer owned 40,794 shares of the company’s stock, valued at $2,341,983.54. The trade was a 14.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 40,838 shares of company stock valued at $2,381,286. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BLBD shares. UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. BTIG Research increased their price target on Blue Bird from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Needham & Company LLC lifted their price target on Blue Bird from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.42.

Blue Bird Trading Up 0.6%

Shares of BLBD opened at $51.90 on Friday. Blue Bird Corporation has a twelve month low of $30.04 and a twelve month high of $61.95. The stock has a market cap of $1.65 billion, a PE ratio of 14.83, a P/E/G ratio of 1.41 and a beta of 1.62. The company has a quick ratio of 0.92, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $55.27 and its 200-day moving average price is $48.54.

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.