Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC decreased its position in shares of Blue Bird Co. (NASDAQ:BLBD) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 426,015 shares of the company’s stock after selling 59,340 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in Blue Bird were worth $16,457,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BLBD. Principal Financial Group Inc. lifted its stake in shares of Blue Bird by 60.7% during the 3rd quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock worth $2,783,000 after purchasing an additional 21,919 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Blue Bird by 34.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock worth $14,784,000 after buying an additional 79,129 shares during the period. Encompass More Asset Management acquired a new stake in Blue Bird in the 4th quarter worth about $1,376,000. Dynamic Technology Lab Private Ltd grew its holdings in Blue Bird by 138.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 21,692 shares of the company’s stock valued at $1,040,000 after buying an additional 12,576 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of Blue Bird during the 4th quarter valued at about $354,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Insider Transactions at Blue Bird

In other 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 transaction of $108,565.76. Following the transaction, the chief financial officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BLBD shares. Needham & Company LLC decreased their target price on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com cut shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Blue Bird presently has an average rating of “Moderate Buy” and an average price target of $58.21.

Blue Bird Trading Down 1.5 %

NASDAQ BLBD opened at $34.20 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. Blue Bird Co. has a one year low of $30.67 and a one year high of $59.40. The company’s 50 day moving average price is $36.06 and its 200 day moving average price is $40.62. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.84 and a beta of 1.58.

Blue Bird (NASDAQ:BLBD) last posted its 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 net margin of 8.05% and a return on equity of 75.22%. On average, sell-side analysts predict that Blue Bird Co. will post 3.86 EPS for the current year.

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.