Insider Selling: Blue Bird Co. (NASDAQ:BLBD) CFO Sells 19,171 Shares of Stock

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu sold 19,171 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total transaction of $822,244.19. Following the transaction, the chief financial officer now owns 89,347 shares in the company, valued at approximately $3,832,092.83. This trade represents a 17.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blue Bird Trading Down 3.4 %

BLBD traded down $1.52 during trading on Wednesday, hitting $42.85. The company’s stock had a trading volume of 909,206 shares, compared to its average volume of 627,778. Blue Bird Co. has a twelve month low of $24.08 and a twelve month high of $59.40. The stock has a market cap of $1.38 billion, a PE ratio of 13.47, a PEG ratio of 1.05 and a beta of 1.59. The firm’s 50 day moving average price is $41.90 and its 200-day moving average price is $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 analysts recently commented on BLBD shares. StockNews.com downgraded shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $66.00 price target on shares of Blue Bird in a report on Friday, December 13th. Craig Hallum raised their price objective on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America lowered their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Finally, Roth Mkm cut shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and six 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 a consensus target price of $60.64.

Institutional Investors Weigh In On Blue Bird

Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in Blue Bird by 18.1% during the second quarter. Raymond James & Associates now owns 92,674 shares of the company’s stock valued at $4,990,000 after buying an additional 14,186 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Blue Bird in the 2nd quarter valued at $11,788,000. Calamos Advisors LLC raised its position in Blue Bird by 72.4% in the second quarter. Calamos Advisors LLC now owns 50,771 shares of the company’s stock valued at $2,734,000 after purchasing an additional 21,319 shares during the period. EFG Asset Management North America Corp. purchased a new position in Blue Bird in the second quarter valued at about $940,000. Finally, Bank of New York Mellon Corp lifted its position in Blue Bird by 39.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 107,541 shares of the company’s stock worth $5,791,000 after acquiring an additional 30,667 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.