Blue Bird Corp (NASDAQ:BLBD) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12-month consensus target price of $23.50 for the company and are forecasting that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Bird an industry rank of 20 out of 257 based on the ratings given to related companies.
BLBD has been the subject of several recent research reports. Roth Capital reaffirmed a “buy” rating on shares of Blue Bird in a report on Tuesday. BidaskClub raised shares of Blue Bird from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, ValuEngine lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th.
In related news, major shareholder Asp Bb Holdings Llc sold 969,850 shares of the business’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $28.00, for a total value of $27,155,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC increased its holdings in Blue Bird by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,926 shares of the company’s stock worth $219,000 after acquiring an additional 3,175 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Blue Bird by 447.8% during the third quarter. Meeder Asset Management Inc. now owns 9,394 shares of the company’s stock worth $230,000 after buying an additional 7,679 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Blue Bird during the third quarter worth $233,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Blue Bird during the third quarter worth $274,000. Finally, GenTrust LLC purchased a new stake in shares of Blue Bird during the third quarter worth $298,000. 96.13% of the stock is owned by institutional investors.
Shares of NASDAQ:BLBD traded up $0.50 during trading on Friday, hitting $18.60. 82,900 shares of the stock traded hands, compared to its average volume of 126,343. The firm has a market cap of $489.35 million, a price-to-earnings ratio of 15.00 and a beta of 1.47. Blue Bird has a 52-week low of $15.66 and a 52-week high of $26.95.
About Blue Bird
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.
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