Phil Horlock Sells 8,860 Shares of Blue Bird Co. (NASDAQ:BLBD) Stock

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) Director Phil Horlock sold 8,860 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $41.04, for a total transaction of $363,614.40. Following the sale, the director now directly owns 270,766 shares in the company, valued at $11,112,236.64. The trade was a 3.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $554,151.30.

Blue Bird Stock Down 1.0%

Shares of NASDAQ BLBD traded down $0.42 during midday trading on Wednesday, hitting $41.15. The stock had a trading volume of 347,331 shares, compared to its average volume of 634,651. The business's 50 day moving average is $37.21 and its 200-day moving average is $37.55. The company has a market cap of $1.30 billion, a P/E ratio of 12.74, a PEG ratio of 0.84 and a beta of 1.40. Blue Bird Co. has a 52 week low of $30.04 and a 52 week high of $59.40. 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 (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.01. The firm had revenue of $358.85 million for the quarter, compared to the consensus estimate of $348.23 million. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, analysts predict that Blue Bird Co. will post 3.86 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BLBD. KBC Group NV raised its holdings in shares of Blue Bird by 75.3% during the fourth quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after purchasing an additional 610 shares during the last quarter. Castellan Group purchased a new position in shares of Blue Bird during the fourth quarter valued at approximately $7,748,000. Asset Management One Co. Ltd. raised its holdings in shares of Blue Bird by 169.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 141,553 shares of the company's stock valued at $5,568,000 after purchasing an additional 89,068 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Blue Bird by 1.9% during the fourth quarter. Rhumbline Advisers now owns 43,413 shares of the company's stock valued at $1,677,000 after purchasing an additional 817 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Blue Bird during the fourth quarter valued at approximately $433,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.