Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu Sells 19,171 Shares

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu sold 19,171 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total transaction of $822,244.19. Following the completion of the transaction, the chief financial officer now directly owns 89,347 shares of the company’s stock, valued at approximately $3,832,092.83. The trade was a 17.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Blue Bird Stock Performance

Shares of NASDAQ:BLBD traded down $1.52 during trading on Wednesday, reaching $42.85. 909,206 shares of the company’s stock traded hands, compared to its average volume of 627,778. The stock has a market capitalization of $1.38 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.59. Blue Bird Co. has a 12 month low of $24.08 and a 12 month high of $59.40. The company has a 50 day moving average of $41.90 and a 200-day moving average of $47.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83.

Analysts Set New Price Targets

A number of research analysts recently commented on BLBD shares. Roth Mkm downgraded Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Thursday, October 3rd. BTIG Research started coverage on Blue Bird in a research note on Wednesday, October 9th. They set a “buy” rating and a $55.00 target price for the company. 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 issued a $66.00 price target on shares of Blue Bird in a report on Friday, December 13th. Finally, StockNews.com downgraded shares of Blue Bird from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.64.

Hedge Funds Weigh In On Blue Bird

Several institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC lifted its holdings in shares of Blue Bird by 2.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 327,857 shares of the company’s stock worth $15,724,000 after purchasing an additional 7,770 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Blue Bird by 13.0% during the third quarter. Franklin Resources Inc. now owns 60,329 shares of the company’s stock valued at $2,712,000 after acquiring an additional 6,940 shares during the period. Virtu Financial LLC grew its position in shares of Blue Bird by 38.3% during the third quarter. Virtu Financial LLC now owns 15,519 shares of the company’s stock worth $744,000 after acquiring an additional 4,295 shares during the last quarter. Hohimer Wealth Management LLC bought a new position in shares of Blue Bird during the third quarter worth about $244,000. Finally, Geode Capital Management LLC increased its holdings in shares of Blue Bird by 26.2% in the 3rd quarter. Geode Capital Management LLC now owns 752,228 shares of the company’s stock worth $36,084,000 after acquiring an additional 156,298 shares during the period. 93.59% of the stock is owned by institutional investors.

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.