Insider Selling: 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 Blue Bird stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.12, for a total value of $108,565.76. Following the sale, the chief financial officer now directly owns 88,664 shares of the company’s stock, valued at approximately $3,379,871.68. This trade represents a 3.11 % decrease in their ownership of the stock. The sale 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 Up 1.5 %

BLBD opened at $36.21 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.94 and a beta of 1.56. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. Blue Bird Co. has a 12 month low of $29.78 and a 12 month high of $59.40. The stock has a fifty day moving average price of $39.65 and a 200-day moving average price of $43.58.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. As a group, equities research analysts anticipate that Blue Bird Co. will post 3.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in Blue Bird by 162.8% during the 4th quarter. FMR LLC now owns 4,840,198 shares of the company’s stock worth $186,977,000 after buying an additional 2,998,453 shares during the last quarter. Vanguard Group Inc. grew its stake in Blue Bird by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,426,912 shares of the company’s stock worth $93,752,000 after buying an additional 25,745 shares during the last quarter. Wellington Management Group LLP grew its stake in Blue Bird by 13.6% during the 4th quarter. Wellington Management Group LLP now owns 1,335,122 shares of the company’s stock worth $51,576,000 after buying an additional 160,248 shares during the last quarter. Geode Capital Management LLC grew its stake in Blue Bird by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 765,490 shares of the company’s stock worth $29,578,000 after buying an additional 13,262 shares during the last quarter. Finally, State Street Corp grew its stake in Blue Bird by 8.4% during the 3rd quarter. State Street Corp now owns 725,573 shares of the company’s stock worth $34,798,000 after buying an additional 56,449 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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