Truvestments Capital LLC Purchases New Position in Blue Bird Co. (NASDAQ:BLBD)

Truvestments Capital LLC acquired a new position in Blue Bird Co. (NASDAQ:BLBD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 726 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors have also recently made changes to their positions in BLBD. Dynamic Technology Lab Private Ltd increased its position in shares of Blue Bird by 138.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 21,692 shares of the company’s stock valued at $1,040,000 after buying an additional 12,576 shares during the period. Algert Global LLC grew its holdings in shares of Blue Bird by 24.5% during the 3rd quarter. Algert Global LLC now owns 131,510 shares of the company’s stock worth $6,307,000 after acquiring an additional 25,859 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Blue Bird by 34.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock worth $14,784,000 after acquiring an additional 79,129 shares in the last quarter. Navellier & Associates Inc. bought a new stake in shares of Blue Bird during the third quarter valued at approximately $285,000. Finally, Intech Investment Management LLC purchased a new stake in Blue Bird in the third quarter worth $492,000. 93.59% of the stock is currently owned by institutional investors.

Insider Activity at Blue Bird

In other Blue Bird news, President Britton Smith sold 2,508 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.81, for a total transaction of $124,923.48. Following the transaction, the president now owns 80,617 shares in the company, valued at approximately $4,015,532.77. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BLBD shares. Roth Mkm lowered Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Thursday, October 3rd. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Craig Hallum upped their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson boosted their price target on Blue Bird from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price objective on shares of Blue Bird in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Blue Bird currently has an average rating of “Moderate Buy” and a consensus target price of $60.64.

Blue Bird Stock Down 0.2 %

Blue Bird stock opened at $40.59 on Thursday. Blue Bird Co. has a 12 month low of $17.79 and a 12 month high of $59.40. The stock has a fifty day simple moving average of $43.76 and a two-hundred day simple moving average of $48.64. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.21 and a beta of 1.62.

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.