Oliver Luxxe Assets LLC Sells 16,822 Shares of Blue Bird Co. (NASDAQ:BLBD)

Oliver Luxxe Assets LLC decreased its holdings in shares of Blue Bird Co. (NASDAQ:BLBDFree Report) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,937 shares of the company’s stock after selling 16,822 shares during the quarter. Oliver Luxxe Assets LLC owned about 0.10% of Blue Bird worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Blue Bird by 220.1% in the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock worth $35,000 after purchasing an additional 887 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Blue Bird during the fourth quarter valued at $66,000. Tucker Asset Management LLC increased its position in Blue Bird by 568.8% during the third quarter. Tucker Asset Management LLC now owns 3,792 shares of the company’s stock valued at $81,000 after acquiring an additional 3,225 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Blue Bird in the fourth quarter worth about $89,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Blue Bird during the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Insiders Place Their Bets

In other Blue Bird news, President Britton Smith sold 6,228 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $33.49, for a total transaction of $208,575.72. Following the transaction, the president now owns 87,250 shares of the company’s stock, valued at $2,922,002.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Blue Bird

Blue Bird Trading Up 0.0 %

BLBD stock traded up $0.02 during midday trading on Wednesday, hitting $55.22. 595,446 shares of the company’s stock were exchanged, compared to its average volume of 547,101. The stock’s fifty day moving average price is $40.53 and its 200-day moving average price is $31.64. Blue Bird Co. has a one year low of $17.59 and a one year high of $56.41. The company has a market cap of $1.78 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 1.23.

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

Blue Bird Profile

(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.

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

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