LSV Asset Management lifted its holdings in Blue Bird Co. (NASDAQ:BLBD) by 1.6% in the first quarter, Holdings Channel reports. The institutional investor owned 194,533 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. LSV Asset Management’s holdings in Blue Bird were worth $4,610,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Blue Bird by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 53,631 shares of the company’s stock valued at $1,105,000 after buying an additional 3,747 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Blue Bird by 35.5% in the first quarter. Wells Fargo & Company MN now owns 117,633 shares of the company’s stock valued at $2,788,000 after buying an additional 30,839 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Blue Bird by 18.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,282 shares of the company’s stock valued at $457,000 after buying an additional 2,963 shares during the last quarter. Finally, Mackay Shields LLC bought a new position in shares of Blue Bird in the first quarter valued at about $315,000. 85.37% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on BLBD. BidaskClub cut Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. ValuEngine cut Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Stifel Nicolaus cut Blue Bird from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a report on Friday, February 9th. They noted that the move was a valuation call. Finally, Roth Capital set a $26.00 price target on Blue Bird and gave the company a “buy” rating in a report on Thursday, February 8th.
Shares of NASDAQ:BLBD opened at $20.15 on Monday. The stock has a market cap of $544.04 million, a price-to-earnings ratio of 17.08, a PEG ratio of 0.92 and a beta of 1.33. Blue Bird Co. has a 1-year low of $15.66 and a 1-year high of $24.99. The company has a debt-to-equity ratio of -1.27, a current ratio of 1.02 and a quick ratio of 0.26.
Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). The firm had revenue of $216.63 million for the quarter, compared to the consensus estimate of $219.15 million. Blue Bird had a negative return on equity of 34.84% and a net margin of 2.79%. sell-side analysts expect that Blue Bird Co. will post 1.46 EPS for the current year.
Blue Bird Company Profile
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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