Dynamic Technology Lab Private Ltd Has $586,000 Position in Blue Bird Co. (NASDAQ:BLBD)

Dynamic Technology Lab Private Ltd lessened its stake in shares of Blue Bird Co. (NASDAQ:BLBD) by 30.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,166 shares of the company’s stock after selling 6,526 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Blue Bird were worth $586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Quantitative Investments LLC bought a new position in shares of Blue Bird in the fourth quarter worth $346,000. ExodusPoint Capital Management LP bought a new position in Blue Bird in the 4th quarter valued at about $2,947,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Blue Bird in the 4th quarter valued at approximately $1,345,000. Trexquant Investment LP bought a new stake in shares of Blue Bird during the 4th quarter worth approximately $6,606,000. Finally, Geode Capital Management LLC boosted its position in shares of Blue Bird by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 765,490 shares of the company’s stock worth $29,578,000 after acquiring an additional 13,262 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Blue Bird Trading Down 1.0 %

Shares of BLBD stock opened at $32.09 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.03 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.84 and a beta of 1.38. Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.40. The stock’s fifty day simple moving average is $34.87 and its 200 day simple moving average is $39.63.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. As a group, sell-side analysts predict that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BLBD shares. Needham & Company LLC lowered their price objective on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. StockNews.com upgraded Blue Bird from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.21.

Insider Activity

In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.12, for a total value of $108,565.76. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.