Insider Selling: Blue Bird Co. (NASDAQ:BLBD) CFO Sells 19,171 Shares of Stock

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu sold 19,171 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total transaction of $822,244.19. Following the sale, the chief financial officer now directly owns 89,347 shares of the company’s stock, valued at $3,832,092.83. This represents a 17.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Blue Bird Price Performance

BLBD stock opened at $42.75 on Thursday. Blue Bird Co. has a 1 year low of $24.08 and a 1 year high of $59.40. The stock has a market capitalization of $1.38 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.05 and a beta of 1.59. The company’s 50-day moving average is $41.89 and its 200-day moving average is $47.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BLBD. Roth Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target on shares of Blue Bird in a research report on Friday, December 13th. StockNews.com lowered Blue Bird from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America dropped their price objective on Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, Roth Mkm cut 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blue Bird has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Institutional Investors Weigh In On Blue Bird

A number of hedge funds have recently added to or reduced their stakes in BLBD. Axxcess Wealth Management LLC bought a new position in shares of Blue Bird in the 3rd quarter worth $987,000. Charles Schwab Investment Management Inc. raised its holdings in Blue Bird by 34.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock worth $14,784,000 after buying an additional 79,129 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Blue Bird by 95.9% in the third quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock valued at $2,504,000 after buying an additional 25,563 shares in the last quarter. Algert Global LLC lifted its stake in shares of Blue Bird by 360.0% in the second quarter. Algert Global LLC now owns 105,651 shares of the company’s stock valued at $5,689,000 after buying an additional 82,681 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Blue Bird by 60.7% during the third quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock valued at $2,783,000 after buying an additional 21,919 shares during the last quarter. Institutional investors and hedge funds own 93.59% 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.