Entropy Technologies LP Lowers Stock Position in Blue Bird Co. (NASDAQ:BLBD)

Entropy Technologies LP lowered its position in shares of Blue Bird Co. (NASDAQ:BLBD) by 9.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,352 shares of the company’s stock after selling 700 shares during the quarter. Entropy Technologies LP’s holdings in Blue Bird were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tectonic Advisors LLC increased its position in shares of Blue Bird by 10.4% in the fourth quarter. Tectonic Advisors LLC now owns 19,247 shares of the company’s stock worth $744,000 after acquiring an additional 1,819 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in Blue Bird by 76.9% in the 4th quarter. Hodges Capital Management Inc. now owns 122,385 shares of the company’s stock valued at $4,728,000 after purchasing an additional 53,185 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in Blue Bird by 15.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company’s stock valued at $183,000 after purchasing an additional 640 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Blue Bird by 0.8% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 641,265 shares of the company’s stock worth $24,772,000 after purchasing an additional 5,345 shares in the last quarter. Finally, KBC Group NV lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Trading Up 1.5 %

BLBD opened at $36.21 on Friday. Blue Bird Co. has a 12-month low of $29.78 and a 12-month high of $59.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.83. The stock has a market capitalization of $1.16 billion, a PE ratio of 11.21, a P/E/G ratio of 0.94 and a beta of 1.56. The firm’s fifty day moving average price is $39.65 and its 200 day moving average price is $43.58.

Blue Bird (NASDAQ:BLBD) last issued its 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 net margin of 8.05% and a return on equity of 75.22%. As a group, research analysts expect that Blue Bird Co. will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 2,848 shares of the business’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 completion of the sale, the chief financial officer now directly owns 88,664 shares in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on BLBD shares. StockNews.com upgraded Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Needham & Company LLC dropped their price objective on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Craig Hallum upped their target price 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, Bank of America dropped their price target on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Bird has an average rating of “Moderate Buy” and a consensus price target of $58.21.

About Blue Bird

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.