Blue Bird Corp (NASDAQ:BLBD) Director Daniel J. Hennessy sold 27,887 shares of Blue Bird stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $22.84, for a total transaction of $636,939.08. Following the completion of the sale, the director now owns 5,053 shares of the company’s stock, valued at approximately $115,410.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Blue Bird stock opened at $22.95 on Friday. Blue Bird Corp has a twelve month low of $15.66 and a twelve month high of $24.99. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of -2.56. The stock has a market capitalization of $623.55 million, a price-to-earnings ratio of 16.55 and a beta of 1.12.
Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.26. Blue Bird had a net margin of 3.02% and a negative return on equity of 45.73%. The business had revenue of $314.19 million during the quarter, compared to analysts’ expectations of $320.90 million. equities research analysts expect that Blue Bird Corp will post 1.55 EPS for the current fiscal year.
BLBD has been the subject of several analyst reports. ValuEngine cut shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. BidaskClub cut shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Finally, Roth Capital set a $24.00 price objective on shares of Blue Bird and gave the stock a “buy” rating in a research note on Thursday, August 9th.
Institutional investors have recently modified their holdings of the business. Corbyn Investment Management Inc. MD acquired a new stake in Blue Bird in the 1st quarter worth about $119,000. MetLife Investment Advisors LLC acquired a new position in shares of Blue Bird in the 1st quarter valued at approximately $136,000. American International Group Inc. raised its position in shares of Blue Bird by 49.9% in the 1st quarter. American International Group Inc. now owns 7,502 shares of the company’s stock valued at $178,000 after buying an additional 2,497 shares in the last quarter. Barclays PLC raised its position in shares of Blue Bird by 490.3% in the 1st quarter. Barclays PLC now owns 8,731 shares of the company’s stock valued at $207,000 after buying an additional 7,252 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Blue Bird by 37.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,952 shares of the company’s stock valued at $213,000 after buying an additional 2,462 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Blue Bird Company Profile
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.
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