Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC reduced its stake in Blue Bird Co. (NASDAQ:BLBD) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 426,015 shares of the company’s stock after selling 59,340 shares during the quarter. Neumeier Poma Investment Counsel LLC owned 1.33% of Blue Bird worth $16,457,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BLBD. National Bank of Canada FI acquired a new position in Blue Bird in the 3rd quarter valued at $26,000. Truvestments Capital LLC purchased a new stake in shares of Blue Bird in the third quarter valued at about $35,000. Private Trust Co. NA acquired a new position in shares of Blue Bird during the third quarter worth about $38,000. KBC Group NV raised its holdings in Blue Bird by 75.3% during the fourth quarter. KBC Group NV now owns 1,420 shares of the company’s stock worth $55,000 after purchasing an additional 610 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in Blue Bird in the third quarter valued at about $56,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Insider Activity

In related news, CFO Razvan Radulescu sold 2,848 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.12, for a total value of $108,565.76. Following the sale, the chief financial officer now owns 88,664 shares of the company’s stock, valued at approximately $3,379,871.68. This represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Needham & Company LLC dropped their target price on Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com downgraded Blue Bird from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.21.

Blue Bird Stock Performance

Shares of BLBD stock opened at $34.20 on Thursday. The stock has a fifty day moving average price of $36.06 and a 200 day moving average price of $40.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. The stock has a market cap of $1.10 billion, a PE ratio of 10.59, a P/E/G ratio of 0.84 and a beta of 1.58. Blue Bird Co. has a 1 year low of $30.67 and a 1 year high of $59.40.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. Sell-side analysts forecast that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.

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.