Blue Bird Co. (NASDAQ:BLBD) CFO Sells $822,244.19 in Stock

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) CFO Razvan Radulescu sold 19,171 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 89,347 shares of the company's stock, valued at approximately $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 through this hyperlink.

Blue Bird Stock Performance

NASDAQ BLBD traded down $1.62 on Wednesday, reaching $42.75. 1,033,900 shares of the company's stock traded hands, compared to its average volume of 628,826. Blue Bird Co. has a fifty-two week low of $24.08 and a fifty-two week high of $59.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.05 and a beta of 1.59. The stock has a 50 day moving average price of $41.89 and a 200-day moving average price of $47.36.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLBD. Roth Mkm cut Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price objective for the company. in a research report on Thursday, October 3rd. StockNews.com lowered Blue Bird from a "buy" rating to a "hold" rating in a research note on Monday. Craig Hallum increased their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Roth Capital cut shares of Blue Bird from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, BTIG Research assumed coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They set a "buy" rating and a $55.00 price target on the stock. Three equities research 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.64.

Institutional Trading of Blue Bird

A number of hedge funds have recently modified their holdings of the stock. Raymond James & Associates lifted its holdings in Blue Bird by 18.1% in the second quarter. Raymond James & Associates now owns 92,674 shares of the company's stock valued at $4,990,000 after acquiring an additional 14,186 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Blue Bird in the 2nd quarter valued at $11,788,000. Calamos Advisors LLC boosted its holdings in Blue Bird by 72.4% during the second quarter. Calamos Advisors LLC now owns 50,771 shares of the company's stock worth $2,734,000 after buying an additional 21,319 shares in the last quarter. EFG Asset Management North America Corp. acquired a new stake in Blue Bird during the second quarter valued at $940,000. Finally, Bank of New York Mellon Corp increased its holdings in Blue Bird by 39.9% in the second quarter. Bank of New York Mellon Corp now owns 107,541 shares of the company's stock valued at $5,791,000 after buying an additional 30,667 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

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.