Blue Bird Co. (NASDAQ:BLBD – Get Free Report) SVP Ted Scartz sold 2,985 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $48.60, for a total transaction of $145,071.00. Following the transaction, the senior vice president now owns 51,863 shares in the company, valued at approximately $2,520,541.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Blue Bird Trading Up 0.6 %
BLBD opened at $46.95 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.56. Blue Bird Co. has a fifty-two week low of $17.59 and a fifty-two week high of $59.40. The firm has a market capitalization of $1.52 billion, a PE ratio of 19.01, a P/E/G ratio of 0.37 and a beta of 1.63. The company’s 50-day moving average is $50.56 and its 200 day moving average is $43.40.
Blue Bird (NASDAQ:BLBD – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.42. Blue Bird had a net margin of 6.36% and a return on equity of 154.10%. The company had revenue of $333.37 million for the quarter, compared to analyst estimates of $330.00 million. During the same quarter in the prior year, the business posted $0.42 EPS. As a group, research analysts predict that Blue Bird Co. will post 2.71 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Report on BLBD
Institutional Investors Weigh In On Blue Bird
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd purchased a new stake in Blue Bird in the 1st quarter valued at about $29,000. Macroview Investment Management LLC purchased a new stake in Blue Bird in the 2nd quarter valued at about $29,000. CWM LLC increased its stake in Blue Bird by 220.1% in the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock valued at $35,000 after buying an additional 887 shares during the last quarter. Quarry LP increased its stake in Blue Bird by 43.9% in the 2nd quarter. Quarry LP now owns 1,174 shares of the company’s stock valued at $63,000 after buying an additional 358 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Blue Bird in the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.
Blue Bird Company Profile
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.
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