Blue Bird Corporation (NASDAQ:BLBD) CFO Razvan Radulescu Sells 700 Shares

Key Points

• Blue Bird Corporation CFO Razvan Radulescu sold 700 shares at an average price of $60.02 on August 8th, reducing his stake by 1.45%.
• The company reported $1.19 EPS for the quarter ending August 6th, exceeding the consensus estimate of $0.90, with a 19.4% revenue increase year-over-year.
• Recently, several hedge funds have increased their holdings, with institutional investors now owning 93.59% of the company's stock.

Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) CFO Razvan Radulescu sold 700 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $60.02, for a total transaction of $42,014.00. Following the completion of the sale, the chief financial officer owned 47,503 shares of the company's stock, valued at approximately $2,851,130.06. The trade was a 1.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Razvan Radulescu also recently made the following trade(s):

• On Thursday, August 7th, Razvan Radulescu sold 10,000 shares of Blue Bird stock. The shares were sold at an average price of $53.21, for a total transaction of $532,100.00.
• On Tuesday, July 8th, Razvan Radulescu sold 10,000 shares of Blue Bird stock. The shares were sold at an average price of $45.19, for a total transaction of $451,900.00.

Blue Bird Price Performance

Shares of BLBD stock traded down $0.38 during trading hours on Monday, hitting $54.96. 221,346 shares of the company's stock were exchanged, compared to its average volume of 557,925. The company has a market capitalization of $1.74 billion, a PE ratio of 15.71, a PEG ratio of 1.80 and a beta of 1.50. Blue Bird Corporation has a 12-month low of $30.04 and a 12-month high of $60.45. The business's 50 day simple moving average is $43.56 and its 200-day simple moving average is $38.50. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.90 by $0.29. Blue Bird had a net margin of 8.16% and a return on equity of 61.66%. The firm had revenue of $398.01 million for the quarter, compared to the consensus estimate of $377.64 million. During the same period last year, the firm posted $0.91 earnings per share. The business's revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Blue Bird Corporation will post 3.86 earnings per share for the current year.

Hedge Funds Weigh In On Blue Bird

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of Blue Bird by 39.0% during the 4th quarter. LPL Financial LLC now owns 23,513 shares of the company's stock valued at $908,000 after buying an additional 6,600 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Blue Bird by 1.7% during the 4th quarter. JPMorgan Chase & Co. now owns 306,286 shares of the company's stock valued at $11,832,000 after buying an additional 5,109 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Blue Bird by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 765,490 shares of the company's stock valued at $29,578,000 after buying an additional 13,262 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Blue Bird by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 59,365 shares of the company's stock valued at $2,293,000 after buying an additional 2,357 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Blue Bird by 162.8% during the 4th quarter. FMR LLC now owns 4,840,198 shares of the company's stock valued at $186,977,000 after buying an additional 2,998,453 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Needham & Company LLC upped their price objective on shares of Blue Bird from $49.00 to $53.00 and gave the company a "buy" rating in a report on Thursday. DA Davidson lowered their price target on shares of Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Barclays lowered their price target on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Blue Bird from a "hold" rating to a "strong-buy" rating in a report on Saturday. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.