Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its holdings in Blue Bird Co. (NASDAQ:BLBD) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,352 shares of the company’s stock after selling 700 shares during the quarter. Entropy Technologies LP’s holdings in Blue Bird were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BLBD. Axxcess Wealth Management LLC acquired a new stake in Blue Bird in the third quarter valued at $987,000. Principal Financial Group Inc. increased its holdings in shares of Blue Bird by 60.7% in the 3rd quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock valued at $2,783,000 after purchasing an additional 21,919 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Blue Bird by 34.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock valued at $14,784,000 after purchasing an additional 79,129 shares during the period. Victory Capital Management Inc. boosted its holdings in Blue Bird by 95.9% during the third quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock worth $2,504,000 after buying an additional 25,563 shares in the last quarter. Finally, Encompass More Asset Management acquired a new position in Blue Bird during the fourth quarter worth about $1,376,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Blue Bird Stock Up 1.5 %

BLBD opened at $36.21 on Friday. The firm has a market cap of $1.16 billion, a P/E ratio of 11.21, a PEG ratio of 0.94 and a beta of 1.56. The business’s fifty day simple moving average is $39.65 and its 200 day simple moving average is $43.58. Blue Bird Co. has a 52 week low of $29.78 and a 52 week high of $59.40. 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 released its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. As a group, equities research analysts anticipate that Blue Bird Co. will post 3.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.12, for a total transaction of $108,565.76. Following the transaction, the chief financial officer now owns 88,664 shares of the company’s stock, valued at $3,379,871.68. This represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BLBD has been the subject of a number of research reports. Craig Hallum lifted their price target on shares of Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Needham & Company LLC cut their price target on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Bank of America lowered their price objective on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.