Schwab Charles Investment Management Inc. bought a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 21,538 shares of the company’s stock, valued at approximately $367,000. Schwab Charles Investment Management Inc. owned approximately 0.09% of Blue Bird Corporation as of its most recent SEC filing.

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In other Blue Bird Corporation news, Director Coliseum Capital Management, L sold 742,566 shares of the firm’s stock in a transaction dated Saturday, September 23rd. The shares were sold at an average price of $18.65, for a total value of $13,848,855.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.70% of the company’s stock.

Separately, Roth Capital set a $22.00 target price on shares of Blue Bird Corporation and gave the stock a “buy” rating in a research report on Monday, August 7th.

Shares of Blue Bird Corporation (BLBD) opened at $19.55 on Wednesday. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.17 and a quick ratio of 0.51. The firm has a market cap of $491.95, a PE ratio of 27.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.77. Blue Bird Corporation has a 1 year low of $13.85 and a 1 year high of $21.90.

Blue Bird Corporation declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 11.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Blue Bird Corporation Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

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

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