Blue Bird Co. (NASDAQ:BLBD) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. raised its holdings in Blue Bird Co. (NASDAQ:BLBD) by 105.7% during the 4th quarter, Holdings Channel reports. The firm owned 67,778 shares of the company’s stock after purchasing an additional 34,834 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Blue Bird were worth $2,618,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of Blue Bird in the third quarter worth $26,000. KBC Group NV increased its position in Blue Bird by 75.3% during the 4th quarter. KBC Group NV now owns 1,420 shares of the company’s stock worth $55,000 after purchasing an additional 610 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in Blue Bird by 15.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company’s stock valued at $183,000 after purchasing an additional 640 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Blue Bird by 9.3% in the 3rd quarter. Townsquare Capital LLC now owns 8,235 shares of the company’s stock valued at $395,000 after purchasing an additional 700 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Blue Bird during the 3rd quarter worth about $35,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BLBD has been the subject of a number of analyst reports. Needham & Company LLC cut their price objective on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. StockNews.com downgraded Blue Bird from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Bank of America reduced their price target on Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, Craig Hallum lifted their price objective on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.21.

Insider Activity 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 insiders.

Blue Bird Trading Down 1.6 %

BLBD stock opened at $34.73 on Wednesday. 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 $1.12 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.84 and a beta of 1.58. The business has a fifty day simple moving average of $36.23 and a 200-day simple moving average of $40.66. Blue Bird Co. has a 52 week low of $30.67 and a 52 week high of $59.40.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, topping the consensus estimate 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 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.