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

Blue Bird Co. (NASDAQ:BLBD) CFO Razvan Radulescu sold 2,848 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.12, for a total value of $108,565.76. Following the sale, the chief financial officer now directly owns 88,664 shares of the company’s stock, valued at approximately $3,379,871.68. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $822,244.19.

Blue Bird Stock Performance

NASDAQ:BLBD opened at $35.69 on Thursday. Blue Bird Co. has a 52 week low of $29.78 and a 52 week high of $59.40. The company has a fifty day simple moving average of $39.76 and a two-hundred day simple moving average of $43.63. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.94 and a beta of 1.56.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, February 5th. The company reported $0.86 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%. As a group, equities analysts anticipate that Blue Bird Co. will post 3.77 earnings per share for the current fiscal year.

Institutional Trading of Blue Bird

A number of large investors have recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in Blue Bird during the 3rd quarter worth approximately $26,000. Truvestments Capital LLC purchased a new stake in shares of Blue Bird during the 3rd quarter worth $35,000. Private Trust Co. NA purchased a new stake in shares of Blue Bird during the 3rd quarter worth $38,000. nVerses Capital LLC purchased a new position in Blue Bird in the third quarter valued at $53,000. Finally, KBC Group NV increased its holdings in Blue Bird by 75.3% in the fourth quarter. KBC Group NV now owns 1,420 shares of the company’s stock valued at $55,000 after buying an additional 610 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on BLBD. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Bank of America decreased their price objective on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Needham & Company LLC dropped their target price on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Craig Hallum raised their price target on Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.21.

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.