Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Clean Energy Transition LLP

Clean Energy Transition LLP decreased its position in shares of Blue Bird Co. (NASDAQ:BLBDFree Report) by 71.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,619 shares of the company’s stock after selling 839,452 shares during the period. Blue Bird accounts for approximately 0.9% of Clean Energy Transition LLP’s portfolio, making the stock its 11th biggest holding. Clean Energy Transition LLP owned about 1.04% of Blue Bird worth $8,994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Blue Bird by 7.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,225 shares of the company’s stock worth $539,000 after buying an additional 1,647 shares during the period. Barclays PLC raised its stake in Blue Bird by 496.2% during the 3rd quarter. Barclays PLC now owns 221,227 shares of the company’s stock valued at $4,723,000 after acquiring an additional 184,121 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in Blue Bird during the 3rd quarter worth approximately $5,685,000. Gabelli Funds LLC acquired a new stake in Blue Bird during the 3rd quarter worth approximately $1,164,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Blue Bird in the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Price Performance

Shares of NASDAQ:BLBD traded down $0.81 during trading on Friday, hitting $56.35. 432,782 shares of the stock were exchanged, compared to its average volume of 549,365. The company has a market cap of $1.82 billion, a PE ratio of 23.14, a P/E/G ratio of 0.48 and a beta of 1.62. The company has a current ratio of 1.23, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average price of $43.29 and a two-hundred day moving average price of $33.28. Blue Bird Co. has a 12-month low of $17.59 and a 12-month high of $58.47.

Blue Bird (NASDAQ:BLBDGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.52. The company had revenue of $345.92 million for the quarter, compared to analyst estimates of $315.00 million. Blue Bird had a return on equity of 154.10% and a net margin of 6.36%. On average, analysts forecast that Blue Bird Co. will post 2.46 EPS for the current year.

Analysts Set New Price Targets

BLBD has been the subject of several analyst reports. Craig Hallum upped their price target on Blue Bird from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Barclays raised their target price on shares of Blue Bird from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Needham & Company LLC boosted their price target on shares of Blue Bird from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Roth Mkm raised their price objective on shares of Blue Bird from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, DA Davidson boosted their target price on Blue Bird from $44.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $49.25.

View Our Latest Research Report on BLBD

About Blue Bird

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Blue Bird (NASDAQ:BLBD)

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