Tudor Investment Corp ET AL Purchases Shares of 189,964 Blue Bird Corporation $BLBD

Tudor Investment Corp ET AL purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 189,964 shares of the company’s stock, valued at approximately $10,932,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Blue Bird by 185.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock valued at $53,283,000 after buying an additional 601,690 shares during the period. Danske Bank A S purchased a new stake in shares of Blue Bird during the 3rd quarter worth about $822,000. Caitong International Asset Management Co. Ltd grew its position in shares of Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after acquiring an additional 702 shares during the period. Caxton Associates LLP purchased a new position in shares of Blue Bird in the 3rd quarter valued at about $1,757,000. Finally, Triumph Capital Management purchased a new position in shares of Blue Bird in the 3rd quarter valued at about $460,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BLBD shares. Bank of America increased their price target on Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Needham & Company LLC upped their target price on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Barclays increased 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. Zacks Research lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, BTIG Research restated a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a research report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Blue Bird currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.20.

Blue Bird Price Performance

NASDAQ:BLBD opened at $53.43 on Monday. Blue Bird Corporation has a 12 month low of $30.04 and a 12 month high of $62.90. The stock has a 50 day moving average of $54.41 and a two-hundred day moving average of $53.61. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.69 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.99 and a beta of 1.40.

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

Insider Buying and Selling at Blue Bird

In related news, CFO Razvan Radulescu sold 3,925 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $60.98, for a total transaction of $239,346.50. Following the transaction, the chief financial officer directly owned 42,255 shares in the company, valued at approximately $2,576,709.90. The trade was a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey Scott Sanfrey sold 5,192 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $58.54, for a total transaction of $303,939.68. Following the completion of the sale, the chief operating officer owned 39,011 shares of the company’s stock, valued at approximately $2,283,703.94. The trade was a 11.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

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.