BidaskClub upgraded shares of Blue Bird (NASDAQ:BLBD) from a sell rating to a hold rating in a research note published on Saturday.

Several other brokerages have also weighed in on BLBD. ValuEngine raised Blue Bird from a hold rating to a buy rating in a report on Thursday, June 21st. Roth Capital set a $24.00 price objective on Blue Bird and gave the company a buy rating in a report on Thursday, August 9th.

Shares of NASDAQ BLBD opened at $23.18 on Friday. Blue Bird has a 1-year low of $15.66 and a 1-year high of $26.95. The firm has a market cap of $662.38 million, a price-to-earnings ratio of 18.69 and a beta of 1.12. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.06 and a quick ratio of 0.44.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.26. Blue Bird had a negative return on equity of 45.73% and a net margin of 3.02%. The business had revenue of $314.19 million during the quarter, compared to analyst estimates of $320.90 million. Analysts anticipate that Blue Bird will post 1.55 earnings per share for the current year.

In other news, Director Daniel J. Hennessy sold 8,013 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $22.91, for a total value of $183,577.83. Following the completion of the transaction, the director now directly owns 50,178 shares of the company’s stock, valued at $1,149,577.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Hennessy sold 27,887 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $22.84, for a total value of $636,939.08. Following the completion of the transaction, the director now directly owns 5,053 shares of the company’s stock, valued at $115,410.52. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Osterweis Capital Management Inc. bought a new position in shares of Blue Bird in the second quarter worth $58,345,000. BlackRock Inc. boosted its holdings in shares of Blue Bird by 42.4% in the second quarter. BlackRock Inc. now owns 775,397 shares of the company’s stock worth $17,330,000 after acquiring an additional 230,846 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of Blue Bird by 2.2% in the second quarter. North Star Investment Management Corp. now owns 235,045 shares of the company’s stock worth $5,253,000 after acquiring an additional 5,000 shares during the period. LSV Asset Management boosted its holdings in shares of Blue Bird by 4.3% in the second quarter. LSV Asset Management now owns 202,933 shares of the company’s stock worth $4,535,000 after acquiring an additional 8,400 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Blue Bird in the first quarter worth $4,274,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

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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