680 Shares in Blue Bird Corporation $BLBD Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. bought a new stake in shares of Blue Bird Corporation (NASDAQ:BLBD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 680 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLBD. CWM LLC raised its position in shares of Blue Bird by 9.3% during the 1st quarter. CWM LLC now owns 3,771 shares of the company’s stock valued at $122,000 after buying an additional 322 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Blue Bird by 5.4% during the second quarter. Concurrent Investment Advisors LLC now owns 8,995 shares of the company’s stock worth $388,000 after acquiring an additional 457 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Blue Bird by 30.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after purchasing an additional 681 shares during the last quarter. Principal Financial Group Inc. raised its position in Blue Bird by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 50,308 shares of the company’s stock worth $1,628,000 after purchasing an additional 695 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Blue Bird by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after purchasing an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Insider Buying and Selling at Blue Bird

In other Blue Bird news, SVP Ted Scartz sold 8,877 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $55.22, for a total transaction of $490,187.94. Following the transaction, the senior vice president owned 48,769 shares in the company, valued at approximately $2,693,024.18. This represents a 15.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phil Horlock sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $59.02, for a total value of $767,260.00. Following the completion of the transaction, the director owned 240,766 shares of the company’s stock, valued at approximately $14,210,009.32. The trade was a 5.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,392 shares of company stock valued at $7,342,183. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BLBD shares. Needham & Company LLC raised their price objective on Blue Bird from $49.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. BTIG Research increased their target price on Blue Bird from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Zacks Research cut Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.58.

Blue Bird Stock Performance

NASDAQ:BLBD opened at $56.38 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $56.90 and its 200 day simple moving average is $46.88. The stock has a market cap of $1.79 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.54 and a beta of 1.64. Blue Bird Corporation has a twelve month low of $30.04 and a twelve month high of $61.95.

Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.90 by $0.29. Blue Bird had a net margin of 8.16% and a return on equity of 61.66%. The firm had revenue of $398.01 million during the quarter, compared to analysts’ expectations of $377.64 million. During the same period last year, the company posted $0.91 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, research analysts predict that Blue Bird Corporation will post 3.86 EPS for the current year.

Blue Bird Company Profile

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.