Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Algert Global LLC

Algert Global LLC cut its stake in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 42.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,723 shares of the company's stock after selling 55,787 shares during the quarter. Algert Global LLC owned about 0.24% of Blue Bird worth $2,925,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP increased its holdings in shares of Blue Bird by 55.0% in the fourth quarter. Quarry LP now owns 1,262 shares of the company's stock valued at $49,000 after purchasing an additional 448 shares during the period. KBC Group NV raised its position in Blue Bird by 75.3% during the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock worth $55,000 after buying an additional 610 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Blue Bird by 44.1% during the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock valued at $85,000 after acquiring an additional 674 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Blue Bird in the 4th quarter valued at $87,000. Finally, New Vernon Capital Holdings II LLC acquired a new stake in shares of Blue Bird in the fourth quarter worth $123,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLBD shares. Needham & Company LLC decreased their target price on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. DA Davidson decreased their price target on Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a report on Monday, April 21st. Barclays cut their target price on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday. Finally, StockNews.com lowered shares of Blue Bird from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.79.

Insider Activity at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were 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 represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Blue Bird Price Performance

BLBD stock traded up $0.72 during trading on Friday, hitting $37.94. The stock had a trading volume of 516,084 shares, compared to its average volume of 657,716. The company's 50-day moving average price is $34.46 and its two-hundred day moving average price is $37.71. Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.40. The stock has a market capitalization of $1.22 billion, a P/E ratio of 11.75, a PEG ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. The company had revenue of $358.85 million for the quarter, compared to analyst estimates of $348.23 million. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. As a group, research analysts predict that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

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.