Insider Selling: Blue Bird Co. (NASDAQ:BLBD) Director Sells 8,860 Shares of Stock

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) Director Phil Horlock sold 8,860 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $41.04, for a total value of $363,614.40. Following the transaction, the director now owns 270,766 shares in the company, valued at approximately $11,112,236.64. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Phil Horlock also recently made the following trade(s):

• On Wednesday, June 11th, Phil Horlock sold 13,289 shares of Blue Bird stock. The stock was sold at an average price of $41.70, for a total value of $554,151.30.

Blue Bird Price Performance

Shares of BLBD stock traded down $0.47 during trading hours on Friday, reaching $40.80. The company's stock had a trading volume of 318,039 shares, compared to its average volume of 634,139. The firm's 50 day simple moving average is $37.58 and its 200-day simple moving average is $37.54. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.84 and a beta of 1.40. Blue Bird Co. has a fifty-two week low of $30.04 and a fifty-two week high of $57.80. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its earnings results 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. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The firm had revenue of $358.85 million for the quarter, compared to the consensus estimate of $348.23 million. During the same quarter last year, the business posted $0.89 EPS. The company's revenue was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Blue Bird from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. DA Davidson reduced their price target on Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and set a $49.00 price target on shares of Blue Bird in a research report on Tuesday, May 27th. Finally, Barclays reduced their price target on Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.79.

Institutional Investors Weigh In On Blue Bird

Several hedge funds have recently modified their holdings of the company. 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 purchasing an additional 610 shares during the last quarter. Castellan Group bought a new position in Blue Bird during the 4th quarter worth $7,748,000. Asset Management One Co. Ltd. raised its position in Blue Bird by 169.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 141,553 shares of the company's stock worth $5,568,000 after purchasing an additional 89,068 shares during the last quarter. Rhumbline Advisers raised its position in Blue Bird by 1.9% during the 4th quarter. Rhumbline Advisers now owns 43,413 shares of the company's stock worth $1,677,000 after purchasing an additional 817 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in Blue Bird during the 4th quarter worth $433,000. Institutional investors and hedge funds own 93.59% of the company's stock.

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.