Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. decreased its holdings in Blue Bird Co. (NASDAQ:BLBD) by 27.8% in the fourth quarter, Holdings Channel reports. The fund owned 81,100 shares of the company’s stock after selling 31,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in Blue Bird were worth $3,133,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Blue Bird by 60.7% in the third quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock valued at $2,783,000 after purchasing an additional 21,919 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Blue Bird by 34.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock valued at $14,784,000 after buying an additional 79,129 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Blue Bird by 95.9% in the 3rd quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock worth $2,504,000 after acquiring an additional 25,563 shares during the last quarter. Encompass More Asset Management purchased a new position in shares of Blue Bird during the 4th quarter worth $1,376,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Blue Bird by 138.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 21,692 shares of the company’s stock valued at $1,040,000 after acquiring an additional 12,576 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Blue Bird Stock Down 3.2 %

Shares of NASDAQ BLBD opened at $33.55 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $36.46 and its two-hundred day moving average is $40.89. Blue Bird Co. has a 52-week low of $30.67 and a 52-week high of $59.40. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.84 and a beta of 1.58.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) 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%. Research analysts predict that Blue Bird Co. will post 3.86 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Razvan Radulescu sold 2,848 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $38.12, for a total transaction of $108,565.76. Following the sale, the chief financial officer now directly owns 88,664 shares of the company’s stock, valued at $3,379,871.68. This represents a 3.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.