Razvan Radulescu Sells 19,171 Shares of Blue Bird Co. (NASDAQ:BLBD) Stock

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu sold 19,171 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total value of $822,244.19. Following the sale, the chief financial officer now owns 89,347 shares of the company’s stock, valued at $3,832,092.83. This 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 available through this link.

Blue Bird Stock Performance

Shares of 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 debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. The firm has a market capitalization 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. Blue Bird Co. has a one year low of $24.08 and a one year high of $59.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BLBD. FMR LLC grew its stake in Blue Bird by 268.0% in the third quarter. FMR LLC now owns 1,841,745 shares of the company’s stock worth $88,330,000 after purchasing an additional 1,341,259 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Blue Bird by 81.7% during the 2nd quarter. Renaissance Technologies LLC now owns 509,422 shares of the company’s stock valued at $27,432,000 after buying an additional 229,004 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Blue Bird in the 2nd quarter worth about $11,788,000. Millennium Management LLC increased its stake in shares of Blue Bird by 414.2% in the 2nd quarter. Millennium Management LLC now owns 256,933 shares of the company’s stock worth $13,836,000 after acquiring an additional 206,966 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Blue Bird by 26.2% during the 3rd quarter. Geode Capital Management LLC now owns 752,228 shares of the company’s stock valued at $36,084,000 after acquiring an additional 156,298 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BLBD shares. BTIG Research initiated coverage on shares of Blue Bird in a report on Wednesday, October 9th. They issued a “buy” rating and a $55.00 target price on the stock. 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 report on Thursday, October 3rd. StockNews.com cut Blue Bird from a “buy” rating to a “hold” rating in a research note on Monday. Craig Hallum boosted their price target on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America dropped their price objective on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Blue Bird has an average rating of “Moderate Buy” and an average 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.