Insight Wealth Strategies LLC Sells 9,545 Shares of Blue Bird Corporation $BLBD

Insight Wealth Strategies LLC decreased its holdings in shares of Blue Bird Corporation (NASDAQ:BLBD) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,044 shares of the company’s stock after selling 9,545 shares during the period. Insight Wealth Strategies LLC’s holdings in Blue Bird were worth $3,104,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BLBD. Neumeier Poma Investment Counsel LLC increased its holdings in Blue Bird by 3.9% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 447,430 shares of the company’s stock worth $19,311,000 after purchasing an additional 16,765 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Blue Bird in the second quarter valued at approximately $376,000. JPMorgan Chase & Co. boosted its position in shares of Blue Bird by 185.6% during the third quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock valued at $53,283,000 after buying an additional 601,690 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Blue Bird during the third quarter valued at approximately $6,359,000. Finally, Franklin Resources Inc. grew its holdings in Blue Bird by 113.5% during the second quarter. Franklin Resources Inc. now owns 146,170 shares of the company’s stock worth $6,309,000 after buying an additional 77,703 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BLBD. Wall Street Zen lowered Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. BTIG Research reaffirmed a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a report on Thursday, February 5th. Bank of America increased their target price on shares of Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Barclays raised their price target on shares of Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, DA Davidson boosted their price target on shares of Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.20.

Insider Buying and Selling at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 3,925 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $60.98, for a total value of $239,346.50. Following the sale, the chief financial officer directly owned 42,255 shares in the company, valued at $2,576,709.90. The trade was a 8.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey Scott Sanfrey sold 5,192 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $58.54, for a total value of $303,939.68. Following the transaction, the chief operating officer directly owned 39,011 shares in the company, valued at $2,283,703.94. This represents a 11.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Blue Bird Stock Down 1.1%

Blue Bird stock opened at $53.91 on Thursday. The firm has a 50 day moving average price of $54.16 and a 200-day moving average price of $53.69. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.31. Blue Bird Corporation has a twelve month low of $30.04 and a twelve month high of $62.90. The company has a market capitalization of $1.70 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.03 and a beta of 1.40.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The company had revenue of $333.08 million for the quarter, compared to analysts’ expectations of $325.74 million. During the same quarter in the previous year, the firm posted $0.92 EPS. Blue Bird’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Blue Bird Corporation will post 3.86 EPS for the current year.

Blue Bird Profile

Blue Bird Corporation (NASDAQ: BLBD) is a leading manufacturer of buses and mass transportation vehicles headquartered in Fort Valley, Georgia. The company’s core business encompasses the design, engineering, and production of school buses and activity buses, with a product lineup that includes conventional (Type C) models, transit-style (Type D) models and specialty configurations for special-needs and activity transport. In recent years, Blue Bird has expanded its offerings to include zero-emission electric school buses, reflecting its commitment to advanced propulsion technologies and environmental sustainability.

Established in 1927, Blue Bird has built a legacy of safety and reliability in student transportation.