Blue Bird (NASDAQ:BLBD) COO Jeffrey Scott Sanfrey Sells 4,000 Shares of Stock

Blue Bird Corporation (NASDAQ:BLBD) COO Jeffrey Sanfrey sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $62.40, for a total value of $249,600.00. Following the completion of the transaction, the chief operating officer owned 35,011 shares of the company’s stock, valued at $2,184,686.40. The trade was a 10.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Blue Bird Price Performance

NASDAQ:BLBD opened at $60.43 on Friday. Blue Bird Corporation has a 52 week low of $46.14 and a 52 week high of $83.39. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.91 billion, a P/E ratio of 7.35, a P/E/G ratio of 0.79 and a beta of 1.36. The stock’s fifty day moving average is $67.62 and its two-hundred day moving average is $66.42.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The business had revenue of $517.16 million during the quarter, compared to analysts’ expectations of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. Equities analysts expect that Blue Bird Corporation will post 4.68 EPS for the current year.

Hedge Funds Weigh In On Blue Bird

Hedge funds have recently bought and sold shares of the company. Kilter Group LLC acquired a new position in Blue Bird in the 2nd quarter valued at about $25,000. Rockefeller Capital Management L.P. lifted its position in shares of Blue Bird by 210.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after purchasing an additional 525 shares in the last quarter. Nykredit A S acquired a new stake in shares of Blue Bird during the second quarter worth about $36,000. Dunhill Financial LLC acquired a new stake in shares of Blue Bird during the second quarter worth about $39,000. Finally, GAMMA Investing LLC boosted its stake in shares of Blue Bird by 85.5% in the second quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BLBD. Needham & Company LLC reiterated a “buy” rating and set a $86.00 price target on shares of Blue Bird in a research report on Thursday, August 6th. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Roth Capital set a $93.00 price objective on shares of Blue Bird in a research report on Monday, August 10th. BTIG Research increased their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Blue Bird presently has a consensus rating of “Buy” and a consensus price target of $85.33.

About Blue Bird

Blue Bird Corporation designs and manufactures school buses for public and private school districts, pupil transportation operators and other organizations. Its product portfolio includes conventional Type C buses, transit-style Type D buses and smaller buses, with powertrain options that include electric, propane and gasoline.

The company also provides replacement parts and support services for its buses through a network of dealers and service locations. Blue Bird emphasizes alternative-fuel and zero-emission transportation solutions, including battery-electric school buses, alongside conventional products.

Founded in 1927, Blue Bird is headquartered in Macon, Georgia.