Blue Bird Co. (NASDAQ:BLBD) Stock Holdings Decreased by Nebula Research & Development LLC

Nebula Research & Development LLC lessened its position in Blue Bird Co. (NASDAQ:BLBD) by 36.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,006 shares of the company’s stock after selling 7,397 shares during the quarter. Nebula Research & Development LLC’s holdings in Blue Bird were worth $502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Blue Bird by 162.8% in the fourth quarter. FMR LLC now owns 4,840,198 shares of the company’s stock valued at $186,977,000 after purchasing an additional 2,998,453 shares in the last quarter. Vanguard Group Inc. lifted its stake in Blue Bird by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,426,912 shares of the company’s stock worth $93,752,000 after acquiring an additional 25,745 shares in the last quarter. Wellington Management Group LLP boosted its position in Blue Bird by 13.6% during the 4th quarter. Wellington Management Group LLP now owns 1,335,122 shares of the company’s stock worth $51,576,000 after acquiring an additional 160,248 shares during the period. First Trust Advisors LP grew its stake in Blue Bird by 355.3% during the 4th quarter. First Trust Advisors LP now owns 883,404 shares of the company’s stock valued at $34,126,000 after acquiring an additional 689,394 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Blue Bird by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 765,490 shares of the company’s stock valued at $29,578,000 after purchasing an additional 13,262 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Insider Buying and Selling

In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.12, for a total transaction of $108,565.76. Following the completion of the sale, the chief financial officer now directly owns 88,664 shares in the company, valued at $3,379,871.68. This represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Needham & Company LLC lowered their price objective on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Finally, DA Davidson reduced their price objective on Blue Bird from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.36.

Blue Bird Price Performance

NASDAQ BLBD opened at $35.35 on Wednesday. Blue Bird Co. has a fifty-two week low of $30.04 and a fifty-two week high of $59.40. The stock’s 50-day moving average is $34.04 and its two-hundred day moving average is $38.11. The firm has a market cap of $1.14 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73.

Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share 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, analysts anticipate that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.

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.