11,967 Shares in Blue Bird Corporation $BLBD Purchased by Invst LLC

Invst LLC acquired a new stake in Blue Bird Corporation (NASDAQ:BLBD) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,967 shares of the company’s stock, valued at approximately $945,000.

Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Blue Bird by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after purchasing an additional 820 shares during the period. NewEdge Advisors LLC increased its stake in shares of Blue Bird by 30.9% in the first quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock worth $93,000 after purchasing an additional 681 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Blue Bird by 2,090.5% in the first quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock valued at $112,000 after purchasing an additional 3,303 shares during the period. New York State Common Retirement Fund raised its position in shares of Blue Bird by 12.5% in the second quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock valued at $547,000 after purchasing an additional 1,412 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Blue Bird during the 2nd quarter valued at approximately $3,799,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Blue Bird Stock Performance

NASDAQ BLBD opened at $58.65 on Wednesday. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year high of $83.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. The stock has a market capitalization of $1.86 billion, a PE ratio of 7.14, a P/E/G ratio of 0.77 and a beta of 1.36. The company’s 50 day simple moving average is $73.11 and its two-hundred day simple moving average is $66.14.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. Analysts predict that Blue Bird Corporation will post 4.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Roth Capital set a $93.00 price target on Blue Bird in a research report on Monday, August 10th. DA Davidson boosted their price objective on Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Freedom Capital upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised Blue Bird from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $85.33.

About Blue Bird

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.