Blue Bird Co. (NASDAQ:BLBD) CFO Sells $108,565.76 in 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 completion of the sale, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Blue Bird Trading Down 3.8 %

Shares of BLBD traded down $1.45 during mid-day trading on Tuesday, reaching $36.86. 744,158 shares of the company were exchanged, compared to its average volume of 789,498. Blue Bird Co. has a 52 week low of $29.78 and a 52 week high of $59.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 1.44. The stock has a market capitalization of $1.18 billion, a PE ratio of 11.41, a PEG ratio of 0.94 and a beta of 1.56. The business has a 50 day simple moving average of $39.86 and a two-hundred day simple moving average of $43.74.

Blue Bird (NASDAQ:BLBD) last issued its 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 return on equity of 75.22% and a net margin of 8.05%. On average, analysts predict that Blue Bird Co. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BLBD. Craig Hallum lifted their price target on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Bank of America cut their price target 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, Needham & Company LLC cut their price target on Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Blue Bird has an average rating of “Moderate Buy” and an average target price of $58.21.

Institutional Investors Weigh In On Blue Bird

A number of hedge funds have recently added to or reduced their stakes in BLBD. FMR LLC increased its holdings in Blue Bird by 268.0% in the third quarter. FMR LLC now owns 1,841,745 shares of the company’s stock worth $88,330,000 after purchasing an additional 1,341,259 shares in the last quarter. Castellan Group bought a new stake in shares of Blue Bird during the fourth quarter valued at approximately $7,748,000. Raymond James Financial Inc. purchased a new position in shares of Blue Bird during the fourth quarter valued at approximately $6,743,000. Geode Capital Management LLC boosted its position in shares of Blue Bird by 26.2% during the third quarter. Geode Capital Management LLC now owns 752,228 shares of the company’s stock valued at $36,084,000 after buying an additional 156,298 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Blue Bird by 976.5% during the third quarter. Barclays PLC now owns 128,658 shares of the company’s stock valued at $6,171,000 after buying an additional 116,707 shares during the last quarter. 93.59% of the stock is currently 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.