Blue Bird Corporation $BLBD Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. decreased its position in Blue Bird Corporation (NASDAQ:BLBD) by 51.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,797 shares of the company’s stock after selling 26,203 shares during the period. Olstein Capital Management L.P. owned approximately 0.08% of Blue Bird worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in BLBD. American Century Companies Inc. raised its stake in shares of Blue Bird by 40.0% in the second quarter. American Century Companies Inc. now owns 2,267,131 shares of the company’s stock worth $97,849,000 after purchasing an additional 647,637 shares during the last quarter. New Vernon Capital Holdings II LLC increased its holdings in Blue Bird by 7,161.9% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 231,510 shares of the company’s stock worth $7,152,000 after buying an additional 228,322 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Blue Bird by 27.9% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 823,096 shares of the company’s stock worth $35,525,000 after buying an additional 179,500 shares during the period. Allspring Global Investments Holdings LLC raised its position in Blue Bird by 88.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 369,992 shares of the company’s stock worth $16,354,000 after buying an additional 173,253 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Blue Bird by 13.6% during the 1st quarter. Alliancebernstein L.P. now owns 936,495 shares of the company’s stock valued at $30,314,000 after acquiring an additional 112,197 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

BLBD has been the topic of a number of research reports. BTIG Research reiterated a “buy” rating and issued a $65.00 price objective on shares of Blue Bird in a research note on Tuesday, November 25th. 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. DA Davidson lifted their price objective on Blue Bird from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Blue Bird in a research note on Tuesday, November 25th. Finally, UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a report on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Blue Bird presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.60.

Insider Activity at Blue Bird

In related news, Director Phil Horlock sold 15,381 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.42, for a total value of $775,510.02. Following the completion of the sale, the director owned 225,385 shares of the company’s stock, valued at approximately $11,363,911.70. The trade was a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Razvan Radulescu sold 7,984 shares of Blue Bird stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $50.39, for a total transaction of $402,313.76. Following the completion of the sale, the chief financial officer owned 49,087 shares in the company, 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. Corporate insiders own 1.10% of the company’s stock.

Blue Bird Trading Down 0.5%

Shares of Blue Bird stock opened at $46.76 on Friday. The firm has a 50-day simple moving average of $51.04 and a two-hundred day simple moving average of $51.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.74. Blue Bird Corporation has a fifty-two week low of $30.04 and a fifty-two week high of $61.95. The company has a market cap of $1.48 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 2.23 and a beta of 1.43.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.35. The firm had revenue of $409.37 million during the quarter, compared to analyst estimates of $380.37 million. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.Blue Bird’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. As a group, equities analysts predict that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

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.