Blue Bird (NASDAQ:BLBD) COO Sells $249,600.00 in Stock

Blue Bird Corporation (NASDAQ:BLBD) COO Jeffrey Sanfrey sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $62.40, for a total transaction of $249,600.00. Following the completion of the transaction, the chief operating officer owned 35,011 shares in the company, valued at $2,184,686.40. The trade was a 10.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Blue Bird Stock Performance

Shares of NASDAQ:BLBD traded up $0.14 during midday trading on Friday, hitting $60.94. The company had a trading volume of 87,458 shares, compared to its average volume of 468,385. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. The company has a fifty day moving average of $67.96 and a two-hundred day moving average of $66.46. Blue Bird Corporation has a 12-month low of $46.14 and a 12-month high of $83.39.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The business had revenue of $517.16 million during the quarter, compared to analysts’ expectations of $485.73 million. On average, equities research analysts expect that Blue Bird Corporation will post 4.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLBD. DA Davidson increased their price objective on shares of Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen cut Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Zacks Research raised Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Barclays boosted their price target on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 price objective on shares of Blue Bird in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $85.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kilter Group LLC purchased a new stake in Blue Bird during the second quarter valued at $25,000. Nykredit A S purchased a new position in shares of Blue Bird in the 2nd quarter worth $36,000. Dunhill Financial LLC purchased a new position in shares of Blue Bird in the 2nd quarter worth $39,000. GAMMA Investing LLC increased its holdings in shares of Blue Bird by 85.5% in the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after buying an additional 290 shares during the last quarter. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Blue Bird during the 2nd quarter valued at about $57,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

About Blue Bird

Blue Bird Corporation designs and manufactures school buses for public and private school districts, pupil transportation operators and other organizations. Its product portfolio includes conventional Type C buses, transit-style Type D buses and smaller buses, with powertrain options that include electric, propane and gasoline.

The company also provides replacement parts and support services for its buses through a network of dealers and service locations. Blue Bird emphasizes alternative-fuel and zero-emission transportation solutions, including battery-electric school buses, alongside conventional products.

Founded in 1927, Blue Bird is headquartered in Macon, Georgia.