Blue Bird Co. (NASDAQ:BLBD) Shares Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC raised its position in Blue Bird Co. (NASDAQ:BLBD) by 31.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,610 shares of the company’s stock after purchasing an additional 14,225 shares during the period. Insight Wealth Strategies LLC owned about 0.19% of Blue Bird worth $2,303,000 at the end of the most recent reporting period.

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

Blue Bird Trading Up 3.4 %

NASDAQ:BLBD traded up $1.42 during trading hours on Monday, reaching $43.19. 382,297 shares of the company were exchanged, compared to its average volume of 459,084. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.10 and a beta of 1.58. The stock has a 50 day simple moving average of $40.81 and a 200 day simple moving average of $45.93. Blue Bird Co. has a 52-week low of $24.08 and a 52-week high of $59.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Roth Capital cut Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Roth Mkm downgraded shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Thursday, October 3rd. Craig Hallum raised their price target on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America cut their price objective on shares of 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, BTIG Research started coverage on shares of Blue Bird in a research report on Wednesday, October 9th. They set a “buy” rating and a $55.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

Insider Buying and Selling at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 19,171 shares of Blue Bird 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 transaction, the chief financial officer now directly 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 SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

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.