Sherbrooke Park Advisers LLC Takes $385,000 Position in Blue Bird Co. (NASDAQ:BLBD)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Blue Bird Co. (NASDAQ:BLBD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,972 shares of the company’s stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLBD. Barclays PLC increased its holdings in shares of Blue Bird by 976.5% during the third quarter. Barclays PLC now owns 128,658 shares of the company’s stock valued at $6,171,000 after acquiring an additional 116,707 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Blue Bird by 29.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 34,050 shares of the company’s stock valued at $1,315,000 after acquiring an additional 7,772 shares in the last quarter. Perpetual Ltd bought a new stake in Blue Bird during the fourth quarter worth $262,000. Whalen Wealth Management Inc. bought a new stake in Blue Bird during the fourth quarter worth $315,000. Finally, Inspire Investing LLC grew its holdings in Blue Bird by 20.7% during the fourth quarter. Inspire Investing LLC now owns 10,394 shares of the company’s stock worth $402,000 after buying an additional 1,786 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Up 1.1%

Shares of NASDAQ:BLBD opened at $40.82 on Friday. The company has a market capitalization of $1.29 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The business has a fifty day moving average price of $35.10 and a two-hundred day moving average price of $37.64. Blue Bird Co. has a 1 year low of $30.04 and a 1 year high of $59.40.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $358.85 million during the quarter, compared to the consensus estimate of $348.23 million. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLBD has been the subject of several recent research reports. StockNews.com downgraded Blue Bird from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Needham & Company LLC decreased their price target on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, February 6th. DA Davidson decreased their price target on Blue Bird from $67.00 to $61.00 and set a “buy” rating for the company in a report on Monday, April 21st. Finally, Barclays decreased their price target on Blue Bird from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.79.

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.