8,907 Shares in Blue Bird Co. (NASDAQ:BLBD) Purchased by FORA Capital LLC

FORA Capital LLC bought a new stake in shares of Blue Bird Co. (NASDAQ:BLBD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,907 shares of the company’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BLBD. Axxcess Wealth Management LLC acquired a new position in Blue Bird during the third quarter worth about $987,000. Vanguard Group Inc. boosted its holdings in shares of Blue Bird by 36.0% during the 1st quarter. Vanguard Group Inc. now owns 1,911,645 shares of the company’s stock worth $73,292,000 after purchasing an additional 505,727 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Blue Bird by 95.9% during the 3rd quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock worth $2,504,000 after purchasing an additional 25,563 shares during the last quarter. Algert Global LLC grew its position in shares of Blue Bird by 360.0% in the second quarter. Algert Global LLC now owns 105,651 shares of the company’s stock valued at $5,689,000 after purchasing an additional 82,681 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in Blue Bird during the first quarter worth approximately $527,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Up 0.1 %

Shares of NASDAQ BLBD opened at $40.65 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.37 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $43.23 and its two-hundred day moving average is $48.53. Blue Bird Co. has a 52-week low of $18.33 and a 52-week high of $59.40. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.10 and a beta of 1.62.

Analyst Ratings Changes

Several analysts have issued reports on BLBD shares. Bank of America dropped their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday. Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 target price on shares of Blue Bird in a research note on Tuesday. Roth Capital cut shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, BTIG Research assumed coverage on shares of Blue Bird in a report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Blue Bird currently has an average rating of “Moderate Buy” and an average target price of $60.64.

Insider Activity at Blue Bird

In other Blue Bird news, President Britton Smith sold 2,508 shares of Blue Bird stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.81, for a total value of $124,923.48. Following the completion of the transaction, the president now directly owns 80,617 shares of the company’s stock, valued at $4,015,532.77. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.10% of the company’s stock.

About Blue Bird

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.