Teacher Retirement System of Texas Sells 45,720 Shares of Blue Bird Co. (NASDAQ:BLBD)

Teacher Retirement System of Texas reduced its position in Blue Bird Co. (NASDAQ:BLBD) by 25.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,864 shares of the company’s stock after selling 45,720 shares during the quarter. Teacher Retirement System of Texas owned 0.42% of Blue Bird worth $5,248,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. National Bank of Canada FI purchased a new stake in shares of Blue Bird in the third quarter worth approximately $26,000. Truvestments Capital LLC bought a new position in Blue Bird in the 3rd quarter valued at $35,000. Private Trust Co. NA purchased a new stake in Blue Bird in the third quarter worth $38,000. KBC Group NV lifted its position in shares of 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 during the last quarter. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Blue Bird during the third quarter valued at $56,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Craig Hallum raised their price target on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Needham & Company LLC reduced their target price on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. 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 note on Tuesday, November 26th. Finally, StockNews.com cut Blue Bird from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.21.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 2,848 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.12, for a total value of $108,565.76. Following the sale, the chief financial officer now directly owns 88,664 shares in the company, valued at approximately $3,379,871.68. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Blue Bird Stock Performance

Shares of BLBD stock opened at $33.55 on Monday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.84 and a beta of 1.58. Blue Bird Co. has a 52-week low of $30.67 and a 52-week high of $59.40. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $36.46 and its 200 day moving average is $40.84.

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

Blue Bird 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.