California Public Employees Retirement System increased its holdings in Blue Bird Corp (NASDAQ:BLBD) by 19.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,532 shares of the company’s stock after buying an additional 3,172 shares during the period. California Public Employees Retirement System’s holdings in Blue Bird were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers increased its stake in Blue Bird by 5.3% during the 3rd quarter. Rhumbline Advisers now owns 21,058 shares of the company’s stock worth $401,000 after acquiring an additional 1,066 shares during the period. Bank of Montreal Can increased its position in shares of Blue Bird by 18,057.1% in the second quarter. Bank of Montreal Can now owns 1,271 shares of the company’s stock worth $25,000 after purchasing an additional 1,264 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Blue Bird by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 37,582 shares of the company’s stock worth $740,000 after purchasing an additional 1,291 shares during the period. Swiss National Bank raised its stake in Blue Bird by 9.3% in the second quarter. Swiss National Bank now owns 27,011 shares of the company’s stock valued at $532,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Blue Bird by 2.4% in the second quarter. Northern Trust Corp now owns 171,286 shares of the company’s stock valued at $3,372,000 after purchasing an additional 4,062 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.
Several equities research analysts recently weighed in on BLBD shares. ValuEngine cut shares of Blue Bird from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Roth Capital began coverage on shares of Blue Bird in a report on Thursday, October 10th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, BidaskClub upgraded shares of Blue Bird from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Blue Bird presently has a consensus rating of “Hold” and an average price target of $23.00.
About Blue Bird
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane-powered, gasoline-powered, compressed natural gas-powered, and electric powered school buses.
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