Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu Sells 2,848 Shares of Stock

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu sold 2,848 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 88,664 shares of the company’s stock, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $42.89, for a total transaction of $822,244.19.

Blue Bird Trading Down 3.8 %

Shares of BLBD stock opened at $36.86 on Wednesday. The stock’s fifty day simple moving average is $39.86 and its 200 day simple moving average is $43.74. Blue Bird Co. has a twelve month low of $29.78 and a twelve month 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. The firm has a market capitalization of $1.18 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.94 and a beta of 1.56.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that Blue Bird Co. will post 3.77 EPS for the current fiscal year.

Institutional Trading of Blue Bird

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC bought a new position in Blue Bird in the 3rd quarter worth approximately $987,000. Principal Financial Group Inc. raised its position in shares of Blue Bird by 60.7% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 79,129 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Blue Bird by 95.9% in 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 purchased a new stake in shares of Blue Bird in the 4th quarter valued at $1,376,000. 93.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BLBD shares. Bank of America cut their target price on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Craig Hallum raised their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. 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 report on Thursday, February 6th. Finally, StockNews.com upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Bird currently has a consensus rating of “Moderate Buy” and an average price target of $58.21.

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.