Harbor Capital Advisors Inc. Sells 28,910 Shares of Blue Bird Co. (NASDAQ:BLBD)

Harbor Capital Advisors Inc. lessened its holdings in Blue Bird Co. (NASDAQ:BLBD) by 36.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 49,508 shares of the company’s stock after selling 28,910 shares during the period. Harbor Capital Advisors Inc.’s holdings in Blue Bird were worth $1,912,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Axxcess Wealth Management LLC bought a new stake in shares of Blue Bird during the 3rd quarter valued at approximately $987,000. Charles Schwab Investment Management Inc. boosted its position in Blue Bird by 34.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock valued at $14,784,000 after buying an additional 79,129 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Blue Bird by 60.7% during the third quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock worth $2,783,000 after buying an additional 21,919 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Blue Bird by 95.9% during the third quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock worth $2,504,000 after buying an additional 25,563 shares in the last quarter. Finally, Algert Global LLC lifted its stake in shares of Blue Bird by 360.0% in the 2nd quarter. Algert Global LLC now owns 105,651 shares of the company’s stock valued at $5,689,000 after acquiring an additional 82,681 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Roth Mkm cut Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a report on Thursday, October 3rd. Roth Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Craig Hallum raised their price target 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, Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective on shares of Blue Bird in a research note on Friday, December 13th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Bird has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

Insiders Place Their Bets

In other Blue Bird news, CFO Razvan Radulescu sold 19,171 shares of Blue Bird stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total value of $822,244.19. Following the completion of the sale, the chief financial officer now directly owns 89,347 shares in the company, valued at approximately $3,832,092.83. The trade was a 17.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Blue Bird Trading Up 3.6 %

BLBD opened at $41.73 on Friday. The stock has a market cap of $1.34 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.10 and a beta of 1.58. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.56. Blue Bird Co. has a twelve month low of $24.08 and a twelve month high of $59.40. The company has a fifty day moving average of $40.66 and a 200-day moving average of $45.45.

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.