Blue Bird Co. (NASDAQ:BLBD) CFO Sells $822,244.19 in Stock

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

Blue Bird Trading Down 3.3 %

NASDAQ:BLBD opened at $39.37 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.05 and a beta of 1.59. Blue Bird Co. has a fifty-two week low of $24.08 and a fifty-two week high of $59.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. The stock’s 50-day moving average is $41.75 and its two-hundred day moving average is $47.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in Blue Bird in the 3rd quarter worth approximately $26,000. Truvestments Capital LLC purchased a new stake in shares of Blue Bird during the third quarter worth $35,000. Private Trust Co. NA purchased a new stake in shares of Blue Bird during the third quarter worth $38,000. nVerses Capital LLC acquired a new stake in Blue Bird during the third quarter valued at $53,000. Finally, Millburn Ridgefield Corp purchased a new position in Blue Bird in the third quarter valued at about $56,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BLBD. Bank of America decreased their price target on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. StockNews.com downgraded Blue Bird from a “buy” rating to a “hold” rating in a report on Monday, December 16th. Roth Mkm cut Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price objective on shares of Blue Bird in a research note on Friday, December 13th. Finally, Craig Hallum lifted their target price on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Blue Bird has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

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.