Britton Smith Sells 2,508 Shares of Blue Bird Co. (NASDAQ:BLBD) Stock

Blue Bird Co. (NASDAQ:BLBD) President Britton Smith sold 2,508 shares of Blue Bird stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.81, for a total transaction of $124,923.48. Following the completion of the transaction, the president now directly owns 80,617 shares in the company, valued at $4,015,532.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Britton Smith also recently made the following trade(s):

• On Monday, August 19th, Britton Smith sold 2,508 shares of Blue Bird stock. The stock was sold at an average price of $48.00, for a total transaction of $120,384.00.

Blue Bird Trading Up 1.8 %

Shares of NASDAQ:BLBD opened at $50.22 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.63 billion, a PE ratio of 20.33, a P/E/G ratio of 0.25 and a beta of 1.61. Blue Bird Co. has a 1 year low of $17.59 and a 1 year high of $59.40. The firm has a fifty day moving average price of $49.08 and a 200 day moving average price of $45.37.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.42. Blue Bird had a return on equity of 116.23% and a net margin of 7.65%. The company had revenue of $333.37 million during the quarter, compared to the consensus estimate of $330.00 million. During the same quarter in the prior year, the company posted $0.42 EPS. Analysts expect that Blue Bird Co. will post 3.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Bird

A number of institutional investors have recently modified their holdings of BLBD. Quarry LP grew its stake in Blue Bird by 43.9% in the 2nd quarter. Quarry LP now owns 1,174 shares of the company’s stock valued at $63,000 after buying an additional 358 shares during the last quarter. Creative Planning bought a new stake in Blue Bird during the second quarter valued at about $282,000. Algert Global LLC grew its position in shares of Blue Bird by 360.0% in the second quarter. Algert Global LLC now owns 105,651 shares of the company’s stock valued at $5,689,000 after purchasing an additional 82,681 shares during the last quarter. Scientech Research LLC bought a new position in shares of Blue Bird in the second quarter worth about $976,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Blue Bird by 26.0% in the second quarter. The Manufacturers Life Insurance Company now owns 12,089 shares of the company’s stock worth $651,000 after purchasing an additional 2,491 shares during the period. Institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. StockNews.com lowered Blue Bird from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of Blue Bird in a research note on Tuesday. Craig Hallum raised their price objective on Blue Bird from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Bank of America upped their target price on Blue Bird from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, DA Davidson raised their price target on shares of Blue Bird from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.17.

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.