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 Blue Bird stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total value of $822,244.19. Following the transaction, the chief financial officer now owns 89,347 shares of the company’s stock, valued at $3,832,092.83. The trade was a 17.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Blue Bird Trading Down 4.7 %

NASDAQ:BLBD opened at $40.73 on Friday. The company has a 50 day simple moving average of $41.85 and a two-hundred day simple moving average of $47.31. The company has a market cap of $1.31 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.59. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56. Blue Bird Co. has a 12 month low of $24.08 and a 12 month high of $59.40.

Institutional Trading of Blue Bird

Several large investors have recently modified their holdings of BLBD. Raymond James & Associates grew its stake in shares of Blue Bird by 18.1% during the 2nd quarter. Raymond James & Associates now owns 92,674 shares of the company’s stock valued at $4,990,000 after purchasing an additional 14,186 shares during the period. Hennessy Advisors Inc. bought a new stake in Blue Bird during the second quarter valued at approximately $11,788,000. Calamos Advisors LLC increased its holdings in Blue Bird by 72.4% during the second quarter. Calamos Advisors LLC now owns 50,771 shares of the company’s stock valued at $2,734,000 after buying an additional 21,319 shares during the last quarter. EFG Asset Management North America Corp. bought a new position in Blue Bird in the second quarter worth approximately $940,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 during the last quarter. Institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BLBD. Roth Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. BTIG Research assumed coverage on shares of Blue Bird in a report on Wednesday, October 9th. They issued a “buy” rating and a $55.00 target price for the company. StockNews.com cut shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Monday. Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Thursday, October 3rd. Finally, Bank of America cut their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Blue Bird has a consensus rating of “Moderate Buy” and an average target price of $60.64.

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.