Razvan Radulescu Sells 2,848 Shares of Blue Bird Co. (NASDAQ:BLBD) Stock

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu sold 2,848 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were 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 $3,379,871.68. This trade represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Razvan Radulescu also recently made the following trade(s):

• On Tuesday, December 17th, Razvan Radulescu sold 19,171 shares of Blue Bird stock. The stock was sold at an average price of $42.89, for a total value of $822,244.19.

Blue Bird Trading Down 3.2 %

Shares of BLBD opened at $35.69 on Thursday. Blue Bird Co. has a 52-week low of $29.78 and a 52-week high of $59.40. The stock has a market cap of $1.15 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.94 and a beta of 1.56. The firm’s fifty day moving average is $39.76 and its two-hundred day moving average is $43.63. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 0.49.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. Research analysts forecast that Blue Bird Co. will post 3.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Bird

A number of large investors have recently made changes to their positions in the stock. ExodusPoint Capital Management LP purchased a new position in Blue Bird during the fourth quarter worth approximately $2,947,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Blue Bird during the 4th quarter worth $1,345,000. Trexquant Investment LP purchased a new position in shares of Blue Bird during the 4th quarter worth $6,606,000. 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 valued at $29,578,000 after acquiring an additional 13,262 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of Blue Bird in the fourth quarter valued at about $200,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BLBD. Craig Hallum upped their target price on Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America reduced their price objective on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Needham & Company LLC decreased their price objective on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Two 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $58.21.

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.