Tucker Asset Management LLC Decreases Stake in Blue Bird Co. (NASDAQ:BLBD)

Tucker Asset Management LLC reduced its stake in Blue Bird Co. (NASDAQ:BLBD) by 70.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,115 shares of the company’s stock after selling 2,677 shares during the period. Tucker Asset Management LLC’s holdings in Blue Bird were worth $30,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in Blue Bird by 220.1% in the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock valued at $35,000 after acquiring an additional 887 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Blue Bird during the fourth quarter worth $66,000. Victory Capital Management Inc. bought a new position in shares of Blue Bird during the fourth quarter valued at $89,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Blue Bird during the third quarter valued at $205,000. Finally, Oxford Asset Management LLP bought a new position in shares of Blue Bird in the fourth quarter valued at about $217,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Stock Down 2.2 %

Shares of NASDAQ:BLBD traded down $1.25 during mid-day trading on Friday, hitting $55.79. 311,455 shares of the company traded hands, compared to its average volume of 511,634. The stock has a market cap of $1.80 billion, a P/E ratio of 22.59, a P/E/G ratio of 0.46 and a beta of 1.62. The company has a current ratio of 1.23, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88. Blue Bird Co. has a 12-month low of $17.59 and a 12-month high of $59.40. The stock has a 50-day moving average price of $45.55 and a two-hundred day moving average price of $35.11.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.52. The firm had revenue of $345.92 million for the quarter, compared to analyst estimates of $315.00 million. Blue Bird had a return on equity of 154.10% and a net margin of 6.36%. On average, equities research analysts forecast that Blue Bird Co. will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on Blue Bird from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Roth Mkm boosted their target price on Blue Bird from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Craig Hallum boosted their target price on Blue Bird from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Barclays upped their price objective on Blue Bird from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Finally, DA Davidson increased their price target on Blue Bird from $44.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $49.25.

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.