Harbor Capital Advisors Inc. Sells 28,910 Shares of Blue Bird Co. (NASDAQ:BLBD)

Harbor Capital Advisors Inc. reduced its position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,508 shares of the company's stock after selling 28,910 shares during the quarter. Harbor Capital Advisors Inc. owned 0.15% of Blue Bird worth $1,912,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in shares of Blue Bird during the third quarter worth $26,000. Truvestments Capital LLC acquired a new position in Blue Bird in the 3rd quarter worth about $35,000. Private Trust Co. NA purchased a new stake in shares of Blue Bird during the 3rd quarter worth about $38,000. nVerses Capital LLC acquired a new stake in shares of Blue Bird during the 3rd quarter valued at about $53,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of Blue Bird in the 3rd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Blue Bird Price Performance

Shares of NASDAQ:BLBD traded up $1.44 during trading on Friday, reaching $41.73. The stock had a trading volume of 1,035,877 shares, compared to its average volume of 679,313. The stock has a market capitalization of $1.34 billion, a PE ratio of 13.12, a P/E/G ratio of 1.10 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. Blue Bird Co. has a 52 week low of $24.08 and a 52 week high of $59.40. The business's 50-day moving average price is $40.66 and its 200 day moving average price is $45.40.

Insider Activity

In other Blue Bird news, CFO Razvan Radulescu sold 19,171 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total transaction of $822,244.19. Following the transaction, the chief financial officer now directly owns 89,347 shares in the company, valued at approximately $3,832,092.83. This represents a 17.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

BLBD has been the topic of a number of analyst reports. Bank of America lowered their price objective on Blue Bird from $66.00 to $63.50 and set a "buy" rating on the stock in a report on Tuesday, November 26th. BTIG Research began coverage on Blue Bird in a report on Wednesday, October 9th. They set a "buy" rating and a $55.00 price target on the stock. Roth Mkm downgraded shares of Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price objective for the company. in a report on Thursday, October 3rd. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Finally, Craig Hallum upped their price target on shares of Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a report 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, Blue Bird presently has an average rating of "Moderate Buy" and a consensus target price 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.