Insight Wealth Strategies LLC Purchases 14,225 Shares of Blue Bird Co. (NASDAQ:BLBD)

Insight Wealth Strategies LLC grew its holdings in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,610 shares of the company's stock after acquiring an additional 14,225 shares during the quarter. Insight Wealth Strategies LLC owned 0.19% of Blue Bird worth $2,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BLBD. Axxcess Wealth Management LLC acquired a new stake in shares of Blue Bird during the 3rd quarter worth $987,000. Charles Schwab Investment Management Inc. grew its stake in Blue Bird by 34.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company's stock worth $14,784,000 after buying an additional 79,129 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Blue Bird by 95.9% in the 3rd quarter. Victory Capital Management Inc. now owns 52,216 shares of the company's stock valued at $2,504,000 after buying an additional 25,563 shares during the period. Algert Global LLC raised its position in shares of Blue Bird by 360.0% in the 2nd quarter. Algert Global LLC now owns 105,651 shares of the company's stock valued at $5,689,000 after buying an additional 82,681 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Blue Bird by 60.7% during the 3rd quarter. Principal Financial Group Inc. now owns 58,019 shares of the company's stock worth $2,783,000 after acquiring an additional 21,919 shares during the period. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Trading Up 1.5 %

NASDAQ:BLBD traded up $0.62 during trading hours on Monday, hitting $42.39. 626,072 shares of the company were exchanged, compared to its average volume of 550,024. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.58. Blue Bird Co. has a one year low of $24.08 and a one year high of $59.40. The company has a fifty day simple moving average of $40.81 and a 200 day simple moving average of $45.85. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56.

Insider Transactions at Blue Bird

In related news, 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 transaction of $822,244.19. Following the completion of the transaction, the chief financial officer now owns 89,347 shares of the company's stock, valued at $3,832,092.83. This trade represents a 17.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BLBD shares. Craig Hallum upped their target price on Blue Bird from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Roth Mkm lowered shares of Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price target on the stock. in a report on Thursday, October 3rd. BTIG Research began coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They issued a "buy" rating and a $55.00 price objective for the company. StockNews.com raised shares of Blue Bird from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Finally, Roth Capital cut Blue Bird from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.