Blue Bird Co. (NASDAQ:BLBD) Shares Purchased by De Lisle Partners LLP

De Lisle Partners LLP lifted its stake in Blue Bird Co. (NASDAQ:BLBD) by 23.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,417 shares of the company’s stock after acquiring an additional 11,054 shares during the period. De Lisle Partners LLP owned 0.18% of Blue Bird worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Macroview Investment Management LLC bought a new stake in Blue Bird during the second quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in Blue Bird during the 3rd quarter valued at $35,000. Private Trust Co. NA acquired a new position in shares of Blue Bird during the 3rd quarter valued at $38,000. nVerses Capital LLC bought a new stake in shares of Blue Bird in the 3rd quarter worth $53,000. Finally, Quarry LP lifted its holdings in shares of Blue Bird by 43.9% in the second quarter. Quarry LP now owns 1,174 shares of the company’s stock valued at $63,000 after buying an additional 358 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BLBD shares. Roth Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of Blue Bird in a report on Tuesday. Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Thursday, October 3rd. StockNews.com upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Barclays increased their price objective on Blue Bird from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Blue Bird presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

Blue Bird Stock Performance

Shares of Blue Bird stock opened at $40.59 on Thursday. The stock has a market cap of $1.31 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.21 and a beta of 1.62. Blue Bird Co. has a 12 month low of $17.79 and a 12 month high of $59.40. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $43.76 and a 200-day simple moving average of $48.64.

Insiders Place Their Bets

In other news, President Britton Smith sold 2,508 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total value of $124,923.48. Following the completion of the sale, the president now directly owns 80,617 shares of the company’s stock, valued at $4,015,532.77. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

About Blue Bird

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.