Blue Bird (NASDAQ:BLBD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.
Shares of Blue Bird (NASDAQ:BLBD) opened at $19.50 on Friday. Blue Bird has a 52 week low of $15.35 and a 52 week high of $21.90. The company has a market cap of $463.71, a price-to-earnings ratio of 31.45, a PEG ratio of 0.87 and a beta of 1.30. The company has a quick ratio of 0.61, a current ratio of 1.16 and a debt-to-equity ratio of -1.45.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA lifted its stake in shares of Blue Bird by 82.1% in the second quarter. Federated Investors Inc. PA now owns 6,143 shares of the company’s stock valued at $104,000 after purchasing an additional 2,770 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Blue Bird by 128.2% in the second quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock valued at $179,000 after purchasing an additional 5,899 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Blue Bird in the second quarter valued at about $192,000. K2 Principal Fund L.P. acquired a new stake in shares of Blue Bird in the third quarter valued at about $215,000. Finally, California State Teachers Retirement System lifted its stake in shares of Blue Bird by 18.4% in the second quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock valued at $219,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.
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Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.
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