Blue Bird (NASDAQ:BLBD)‘s stock had its “buy” rating reiterated by equities research analysts at Roth Capital in a note issued to investors on Tuesday, December 4th. They currently have a $22.00 price objective on the stock. Roth Capital’s price objective indicates a potential upside of 23.73% from the stock’s current price.

BLBD has been the topic of several other reports. ValuEngine raised Blue Bird from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub raised Blue Bird from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th.

NASDAQ BLBD opened at $17.78 on Tuesday. Blue Bird has a one year low of $15.66 and a one year high of $26.95. The stock has a market capitalization of $488.81 million, a P/E ratio of 10.46 and a beta of 1.47.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Thursday, December 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $331.61 million for the quarter, compared to analysts’ expectations of $322.70 million. Blue Bird had a negative return on equity of 52.45% and a net margin of 3.01%. On average, analysts predict that Blue Bird will post 1.81 earnings per share for the current fiscal year.

In other news, major shareholder Asp Bb Holdings Llc sold 969,850 shares of Blue Bird stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $28.00, for a total transaction of $27,155,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of BLBD. Osterweis Capital Management Inc. purchased a new position in shares of Blue Bird during the 2nd quarter valued at about $58,345,000. BlackRock Inc. lifted its position in shares of Blue Bird by 42.4% during the 2nd quarter. BlackRock Inc. now owns 775,397 shares of the company’s stock valued at $17,330,000 after buying an additional 230,846 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Blue Bird by 248.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company’s stock valued at $6,479,000 after buying an additional 188,516 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Blue Bird by 12.4% during the 3rd quarter. William Blair Investment Management LLC now owns 1,178,230 shares of the company’s stock valued at $28,867,000 after buying an additional 130,363 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Blue Bird by 940.7% in the 2nd quarter. First Trust Advisors LP now owns 100,893 shares of the company’s stock worth $2,255,000 after purchasing an additional 91,198 shares in the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

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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