Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in Blue Bird Co. (NASDAQ:BLBD) by 25.2% in the fourth quarter, Holdings Channel reports. The firm owned 135,864 shares of the company’s stock after selling 45,720 shares during the period. Teacher Retirement System of Texas’ holdings in Blue Bird were worth $5,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Blue Bird by 60.7% during the third quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock valued at $2,783,000 after buying an additional 21,919 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Blue Bird by 34.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock valued at $14,784,000 after purchasing an additional 79,129 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Blue Bird by 95.9% in the third quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock valued at $2,504,000 after purchasing an additional 25,563 shares during the period. Encompass More Asset Management acquired a new position in shares of Blue Bird in the fourth quarter valued at about $1,376,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Blue Bird by 138.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 21,692 shares of the company’s stock worth $1,040,000 after purchasing an additional 12,576 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America cut their price target on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Needham & Company LLC cut their price objective on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Craig Hallum boosted their target price on shares of Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, StockNews.com downgraded Blue Bird from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.21.

Blue Bird Stock Down 3.2 %

BLBD stock opened at $33.55 on Monday. Blue Bird Co. has a one year low of $30.67 and a one year high of $59.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. The firm’s fifty day moving average is $36.46 and its 200 day moving average is $40.84. The firm has a market cap of $1.08 billion, a PE ratio of 10.39, a P/E/G ratio of 0.84 and a beta of 1.58.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. On average, research analysts forecast that Blue Bird Co. will post 3.86 EPS for the current year.

Insider Transactions at Blue Bird

In related news, CFO Razvan Radulescu sold 2,848 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.12, for a total value of $108,565.76. Following the completion of the sale, the chief financial officer now owns 88,664 shares of the company’s stock, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.