Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in Blue Bird Co. (NASDAQ:BLBD) by 10.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 236,400 shares of the company’s stock after selling 27,000 shares during the period. Hennessy Advisors Inc.’s holdings in Blue Bird were worth $7,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BLBD. Dunhill Financial LLC lifted its holdings in shares of Blue Bird by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares during the last quarter. Quarry LP lifted its holdings in shares of Blue Bird by 55.0% in the 4th quarter. Quarry LP now owns 1,262 shares of the company’s stock worth $49,000 after purchasing an additional 448 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Blue Bird by 44.1% in the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company’s stock worth $85,000 after purchasing an additional 674 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Blue Bird in the 4th quarter worth approximately $87,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Blue Bird by 5,165.3% in the 1st quarter. GAMMA Investing LLC now owns 3,949 shares of the company’s stock worth $122,000 after purchasing an additional 3,874 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Insider Transactions at Blue Bird

In other news, Director Phil Horlock sold 13,289 shares of the business’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $41.70, for a total value of $554,151.30. Following the sale, the director now owns 270,766 shares of the company’s stock, valued at approximately $11,290,942.20. The trade was a 4.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Blue Bird Stock Down 1.1%

Shares of Blue Bird stock opened at $40.80 on Friday. The business’s fifty day moving average price is $37.58 and its two-hundred day moving average price is $37.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The company has a market capitalization of $1.29 billion, a P/E ratio of 12.63, a PEG ratio of 0.84 and a beta of 1.40. Blue Bird Co. has a 1-year low of $30.04 and a 1-year high of $57.80.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, May 7th. The company reported $0.96 earnings per share for the quarter, beating 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 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 in the previous year, the business earned $0.89 EPS. As a group, research analysts forecast that Blue Bird Co. will post 3.86 EPS for the current year.

Wall Street Analyst Weigh In

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

Blue Bird 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.