Blue Bird (NASDAQ:BLBD) Stock Crosses Below 200-Day Moving Average of $21.16

Blue Bird Co. (NASDAQ:BLBD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.16 and traded as low as $18.40. Blue Bird shares last traded at $19.26, with a volume of 240,547 shares.

Analyst Ratings Changes

BLBD has been the subject of several recent analyst reports. Bank of America started coverage on Blue Bird in a report on Friday, August 18th. They set a “buy” rating and a $26.50 price objective for the company. Barclays began coverage on shares of Blue Bird in a report on Monday, September 11th. They issued an “overweight” rating and a $25.00 price target on the stock. R. F. Lafferty began coverage on shares of Blue Bird in a report on Wednesday, September 6th. They set a “buy” rating for the company. Finally, StockNews.com assumed coverage on Blue Bird in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Blue Bird currently has a consensus rating of “Buy” and an average target price of $25.88.

Blue Bird Stock Performance

The company has a market cap of $606.31 million, a PE ratio of -33.91 and a beta of 1.23. The business’s 50-day moving average is $19.40 and its 200 day moving average is $21.15. The company has a debt-to-equity ratio of 11.13, a quick ratio of 0.33 and a current ratio of 0.92.

Insider Activity at Blue Bird

In other Blue Bird news, major shareholder Asp Bb Holdings Llc sold 1,262,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.00, for a total value of $26,512,500.00. Following the completion of the sale, the insider now owns 6,542,650 shares in the company, valued at $137,395,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Coliseum Capital Management, L sold 1,237,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.00, for a total transaction of $25,987,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Asp Bb Holdings Llc sold 1,262,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.00, for a total value of $26,512,500.00. Following the completion of the sale, the insider now directly owns 6,542,650 shares of the company’s stock, valued at approximately $137,395,650. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blue Bird

A number of large investors have recently modified their holdings of the stock. Quarry LP raised its stake in Blue Bird by 113.0% in the second quarter. Quarry LP now owns 1,440 shares of the company’s stock worth $32,000 after buying an additional 764 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Blue Bird by 89.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the company’s stock worth $46,000 after acquiring an additional 1,020 shares in the last quarter. State of Wyoming purchased a new position in shares of Blue Bird in the 2nd quarter valued at approximately $65,000. Point72 Asset Management L.P. bought a new stake in shares of Blue Bird during the second quarter valued at approximately $77,000. Finally, BNP Paribas Arbitrage SA grew its stake in Blue Bird by 198.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,419 shares of the company’s stock worth $41,000 after purchasing an additional 2,939 shares during the period.

Blue Bird Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.