Insight Wealth Strategies LLC Sells 9,545 Shares of Blue Bird Corporation $BLBD

Insight Wealth Strategies LLC reduced its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,044 shares of the company’s stock after selling 9,545 shares during the period. Insight Wealth Strategies LLC owned 0.21% of Blue Bird worth $3,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of Blue Bird in the third quarter valued at about $38,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after acquiring an additional 702 shares during the period. Larson Financial Group LLC boosted its holdings in Blue Bird by 1,742.3% in the third quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock valued at $75,000 after acquiring an additional 1,237 shares during the last quarter. LSV Asset Management bought a new stake in Blue Bird in the third quarter valued at approximately $98,000. Finally, Jones Financial Companies Lllp increased its position in Blue Bird by 184.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,903 shares of the company’s stock valued at $110,000 after purchasing an additional 1,233 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blue Bird

In related news, COO Jeffrey Scott Sanfrey sold 5,192 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total transaction of $303,939.68. Following the transaction, the chief operating officer directly owned 39,011 shares of the company’s stock, valued at approximately $2,283,703.94. This represents a 11.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Razvan Radulescu sold 3,925 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $60.98, for a total value of $239,346.50. Following the completion of the transaction, the chief financial officer owned 42,255 shares in the company, valued at approximately $2,576,709.90. The trade was a 8.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Blue Bird Stock Down 1.1%

Shares of NASDAQ BLBD opened at $53.91 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.70 billion, a PE ratio of 13.61, a P/E/G ratio of 2.03 and a beta of 1.40. The company’s fifty day simple moving average is $54.16 and its 200 day simple moving average is $53.69. Blue Bird Corporation has a 12-month low of $30.04 and a 12-month high of $62.90.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The firm had revenue of $333.08 million during the quarter, compared to the consensus estimate of $325.74 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BLBD. Wall Street Zen lowered shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. BTIG Research reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Blue Bird in a research note on Thursday, February 5th. DA Davidson increased their price objective on shares of Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Bank of America lifted their target price on shares of Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Zacks Research lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.20.

Blue Bird Company Profile

Blue Bird Corporation (NASDAQ: BLBD) is a leading manufacturer of buses and mass transportation vehicles headquartered in Fort Valley, Georgia. The company’s core business encompasses the design, engineering, and production of school buses and activity buses, with a product lineup that includes conventional (Type C) models, transit-style (Type D) models and specialty configurations for special-needs and activity transport. In recent years, Blue Bird has expanded its offerings to include zero-emission electric school buses, reflecting its commitment to advanced propulsion technologies and environmental sustainability.

Established in 1927, Blue Bird has built a legacy of safety and reliability in student transportation.