Blue Bird Co. (NASDAQ:BLBD) Shares Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC increased its stake in shares of Blue Bird Co. (NASDAQ:BLBD) by 31.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 59,610 shares of the company’s stock after purchasing an additional 14,225 shares during the period. Insight Wealth Strategies LLC’s holdings in Blue Bird were worth $2,303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI purchased a new position in shares of Blue Bird in the third quarter valued at $26,000. Truvestments Capital LLC acquired a new position in Blue Bird in the 3rd quarter worth $35,000. Private Trust Co. NA purchased a new position in Blue Bird in the 3rd quarter valued at about $38,000. nVerses Capital LLC acquired a new stake in shares of Blue Bird during the third quarter valued at about $53,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Blue Bird during the third quarter worth about $56,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

BLBD has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price target on shares of Blue Bird in a report on Friday, December 13th. Bank of America decreased their price target on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research report on Tuesday, November 26th. BTIG Research initiated coverage on shares of Blue Bird in a report on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price target on the stock. Craig Hallum increased their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.64.

Blue Bird Stock Performance

Shares of NASDAQ:BLBD traded up $1.42 during trading on Monday, reaching $43.19. 382,297 shares of the company’s stock traded hands, compared to its average volume of 459,084. The stock has a market capitalization of $1.39 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.10 and a beta of 1.58. Blue Bird Co. has a 12 month low of $24.08 and a 12 month high of $59.40. The company has a 50 day moving average of $40.81 and a 200-day moving average of $45.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83.

Insider Activity

In related news, CFO Razvan Radulescu sold 19,171 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total value of $822,244.19. Following the sale, the chief financial officer now owns 89,347 shares of the company’s stock, valued at $3,832,092.83. This trade represents a 17.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% 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.