Razvan Radulescu Sells 2,848 Shares of Blue Bird Co. (NASDAQ:BLBD) Stock

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) CFO Razvan Radulescu sold 2,848 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.12, for a total transaction of $108,565.76. Following the transaction, the chief financial officer now directly owns 88,664 shares in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $42.89, for a total transaction of $822,244.19.

Blue Bird Stock Performance

Shares of NASDAQ:BLBD traded up $0.14 on Friday, hitting $36.35. The company's stock had a trading volume of 450,785 shares, compared to its average volume of 798,980. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 1.44. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.94 and a beta of 1.56. The stock's 50-day moving average is $39.49 and its two-hundred day moving average is $43.36. Blue Bird Co. has a 12 month low of $29.78 and a 12 month high of $59.40.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share (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%. On average, equities research analysts forecast that Blue Bird Co. will post 3.77 EPS for the current year.

Analyst Upgrades and Downgrades

BLBD has been the topic of a number of research reports. Craig Hallum raised 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. Needham & Company LLC reduced their target price on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, February 6th. StockNews.com raised Blue Bird from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Finally, Bank of America cut their price target on Blue Bird from $66.00 to $63.50 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.21.

Institutional Investors Weigh In On Blue Bird

A number of hedge funds and other institutional investors have recently bought and sold shares of BLBD. Axxcess Wealth Management LLC bought a new stake in shares of Blue Bird in the third quarter valued at about $987,000. Principal Financial Group Inc. lifted its stake in Blue Bird by 60.7% during the third quarter. Principal Financial Group Inc. now owns 58,019 shares of the company's stock worth $2,783,000 after purchasing an additional 21,919 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Blue Bird by 34.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company's stock valued at $14,784,000 after acquiring an additional 79,129 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Blue Bird by 95.9% in the 3rd quarter. Victory Capital Management Inc. now owns 52,216 shares of the company's stock worth $2,504,000 after acquiring an additional 25,563 shares in the last quarter. Finally, Encompass More Asset Management bought a new stake in Blue Bird in the 4th quarter valued at about $1,376,000. 93.59% of the stock is owned by institutional investors and hedge funds.

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.