Navellier & Associates Inc. Has $206,000 Stake in Blue Bird Co. (NASDAQ:BLBD)

Navellier & Associates Inc. trimmed its position in shares of Blue Bird Co. (NASDAQ:BLBD) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,336 shares of the company’s stock after selling 604 shares during the period. Navellier & Associates Inc.’s holdings in Blue Bird were worth $206,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BLBD. Creative Planning grew its stake in Blue Bird by 13.5% during the third quarter. Creative Planning now owns 5,937 shares of the company’s stock worth $285,000 after buying an additional 707 shares in the last quarter. Raymond James & Associates grew its stake in Blue Bird by 19.7% during the third quarter. Raymond James & Associates now owns 110,957 shares of the company’s stock worth $5,321,000 after buying an additional 18,283 shares in the last quarter. Signaturefd LLC grew its stake in Blue Bird by 1,227.7% during the third quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock worth $76,000 after buying an additional 1,461 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Blue Bird during the third quarter worth about $200,000. Finally, International Assets Investment Management LLC bought a new position in shares of Blue Bird in the third quarter worth about $39,100,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLBD has been the subject of a number of research reports. Craig Hallum increased their target price on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America dropped their target price on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. Needham & Company LLC dropped their target price on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.21.

Insiders Place Their Bets

In other news, CFO Razvan Radulescu sold 2,848 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $38.12, for a total value of $108,565.76. Following the transaction, the chief financial officer now owns 88,664 shares in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Blue Bird Stock Down 2.4 %

Shares of NASDAQ BLBD opened at $35.05 on Monday. The company has a 50 day simple moving average of $38.90 and a 200 day simple moving average of $42.89. The firm has a market cap of $1.13 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.86 and a beta of 1.56. Blue Bird Co. has a 1 year low of $29.93 and a 1 year high of $59.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. On average, research analysts forecast that Blue Bird Co. will post 3.86 EPS for the current year.

Blue Bird 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.