Skandinaviska Enskilda Banken AB publ Sells 77,300 Shares of Blue Bird Co. (NASDAQ:BLBD)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Blue Bird Co. (NASDAQ:BLBDFree Report) by 15.5% during the third quarter, HoldingsChannel reports. The firm owned 422,468 shares of the company’s stock after selling 77,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Blue Bird were worth $9,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of Blue Bird by 113.0% during the second quarter. Quarry LP now owns 1,440 shares of the company’s stock worth $32,000 after purchasing an additional 764 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Blue Bird by 198.6% during 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 in the last quarter. Barclays PLC grew its holdings in shares of Blue Bird by 325.8% during the fourth quarter. Barclays PLC now owns 4,692 shares of the company’s stock worth $51,000 after purchasing an additional 3,590 shares in the last quarter. UBS Group AG grew its holdings in shares of Blue Bird by 61.3% during the fourth quarter. UBS Group AG now owns 5,887 shares of the company’s stock worth $63,000 after purchasing an additional 2,237 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Blue Bird during the second quarter worth about $65,000.

Blue Bird Stock Up 0.7 %

Shares of BLBD opened at $30.55 on Monday. The firm has a market cap of $983.71 million, a P/E ratio of 16.08, a P/E/G ratio of 0.43 and a beta of 1.31. The stock has a 50 day simple moving average of $26.20 and a two-hundred day simple moving average of $22.11. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.30 and a quick ratio of 0.54. Blue Bird Co. has a 1 year low of $17.37 and a 1 year high of $33.22.

Blue Bird (NASDAQ:BLBDGet Free Report) last announced its quarterly earnings data on Monday, December 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.16. Blue Bird had a return on equity of 223.85% and a net margin of 5.04%. The firm had revenue of $302.96 million during the quarter, compared to the consensus estimate of $300.00 million. On average, analysts forecast that Blue Bird Co. will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Roth Mkm boosted their price objective on Blue Bird from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com lowered Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 2nd. TheStreet raised Blue Bird from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th. Barclays upped their target price on Blue Bird from $25.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Craig Hallum upped their target price on Blue Bird from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.70.

Read Our Latest Research Report on Blue Bird

Insider Buying and Selling at Blue Bird

In related news, CFO Razvan Radulescu sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $25.89, for a total transaction of $388,350.00. Following the completion of the transaction, the chief financial officer now owns 100,647 shares in the company, valued at $2,605,750.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Phil Horlock sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $25.97, for a total transaction of $779,100.00. Following the completion of the transaction, the chief executive officer now owns 539,812 shares in the company, valued at $14,018,917.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Razvan Radulescu sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $25.89, for a total value of $388,350.00. Following the transaction, the chief financial officer now owns 100,647 shares of the company’s stock, valued at approximately $2,605,750.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,727,438 shares of company stock worth $69,347,904. 2.10% of the stock is currently owned by insiders.

Blue Bird Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Blue Bird (NASDAQ:BLBD)

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