Blue Bird (NASDAQ:BLBD) Shares Down 2.1% - Time to Sell?

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) traded down 2.1% during mid-day trading on Friday . The stock traded as low as $39.59 and last traded at $39.89. 235,273 shares changed hands during trading, a decline of 63% from the average session volume of 627,626 shares. The stock had previously closed at $40.73.

Wall Street Analyst Weigh In

Several research analysts have commented on BLBD shares. 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 report on Tuesday, November 26th. BTIG Research initiated 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. Needham & Company LLC reissued a "buy" rating and set a $66.00 target price on shares of Blue Bird in a research note on Friday, December 13th. Bank of America decreased their target price on Blue Bird from $66.00 to $63.50 and set a "buy" rating for the company in a research report on Tuesday, November 26th. Finally, Roth Mkm downgraded 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. Three investment analysts have rated the stock with a hold rating and six 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 $60.64.

Blue Bird Stock Down 3.3 %

The business has a 50 day simple moving average of $41.75 and a 200 day simple moving average of $47.20. 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 has a market cap of $1.27 billion, a PE ratio of 12.38, a P/E/G ratio of 1.05 and a beta of 1.59.

Insider Buying and Selling

In other Blue Bird news, CFO Razvan Radulescu sold 19,171 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total value of $822,244.19. Following the completion of the sale, the chief financial officer now owns 89,347 shares of the company's stock, valued at $3,832,092.83. The trade was 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 this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its holdings in Blue Bird by 43.9% during the second quarter. Quarry LP now owns 1,174 shares of the company's stock valued at $63,000 after acquiring an additional 358 shares during the period. Savant Capital LLC boosted its stake in Blue Bird by 3.4% during the 2nd quarter. Savant Capital LLC now owns 11,473 shares of the company's stock valued at $618,000 after purchasing an additional 382 shares during the period. National Bank of Canada FI acquired a new stake in Blue Bird in the 3rd quarter valued at approximately $26,000. Townsquare Capital LLC increased its position in Blue Bird by 9.3% in the 3rd quarter. Townsquare Capital LLC now owns 8,235 shares of the company's stock worth $395,000 after buying an additional 700 shares during the period. Finally, Creative Planning lifted its holdings in shares of Blue Bird by 13.5% during the third quarter. Creative Planning now owns 5,937 shares of the company's stock worth $285,000 after buying an additional 707 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

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.