Hillsdale Investment Management Inc. Increases Stock Holdings in Blue Bird Corporation $BLBD

Hillsdale Investment Management Inc. lifted its position in Blue Bird Corporation (NASDAQ:BLBD) by 107.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,200 shares of the company’s stock after acquiring an additional 61,700 shares during the period. Hillsdale Investment Management Inc. owned 0.38% of Blue Bird worth $6,860,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Blue Bird during the second quarter valued at $29,000. Blue Trust Inc. bought a new stake in shares of Blue Bird during the 3rd quarter valued at $38,000. Nisa Investment Advisors LLC raised its stake in shares of Blue Bird by 159.9% in the second quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock worth $43,000 after buying an additional 611 shares during the period. NewEdge Advisors LLC lifted its holdings in Blue Bird by 30.9% during the first quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after purchasing an additional 681 shares in the last quarter. Finally, LSV Asset Management bought a new position in Blue Bird in the 3rd quarter worth $98,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Blue Bird

In other Blue Bird news, Director Phil Horlock sold 15,381 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the transaction, the director directly owned 225,385 shares of the company’s stock, valued at approximately $11,363,911.70. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Razvan Radulescu sold 7,984 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $50.39, for a total transaction of $402,313.76. Following the transaction, the chief financial officer directly owned 49,087 shares of the company’s stock, valued at approximately $2,473,493.93. This trade represents a 13.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 27,290 shares of company stock worth $1,417,170. 1.10% of the stock is owned by corporate insiders.

Blue Bird Trading Up 0.8%

Blue Bird stock opened at $61.00 on Friday. The stock has a 50-day moving average of $51.76 and a two-hundred day moving average of $53.60. The stock has a market cap of $1.93 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.81. Blue Bird Corporation has a one year low of $30.04 and a one year high of $62.55.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. The business had revenue of $333.08 million for the quarter, compared to analyst estimates of $325.74 million. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. Blue Bird’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. On average, research analysts anticipate that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BLBD. BTIG Research reissued a “buy” rating and issued a $65.00 target price on shares of Blue Bird in a report on Thursday, February 5th. Barclays boosted their target price on Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. DA Davidson raised their price objective on shares of Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Needham & Company LLC boosted their price target on Blue Bird from $70.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, Blue Bird has a consensus rating of “Buy” and a consensus target price of $67.20.

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.