Blue Bird Corporation $BLBD Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Blue Bird Corporation (NASDAQ:BLBD) by 25.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,199 shares of the company’s stock after acquiring an additional 26,344 shares during the period. SG Americas Securities LLC’s holdings in Blue Bird were worth $7,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLBD. Rockefeller Capital Management L.P. grew its stake in Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after purchasing an additional 525 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Blue Bird by 222.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after purchasing an additional 568 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 702 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Blue Bird during the fourth quarter worth about $41,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Blue Bird during the fourth quarter worth about $63,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Stock Performance

NASDAQ:BLBD opened at $78.81 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.83. The company has a fifty day moving average of $69.06 and a two-hundred day moving average of $59.32. The stock has a market capitalization of $2.49 billion, a PE ratio of 19.36, a P/E/G ratio of 1.10 and a beta of 1.37. Blue Bird Corporation has a fifty-two week low of $42.00 and a fifty-two week high of $81.51.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $352.63 million for the quarter, compared to analyst estimates of $335.23 million. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. As a group, research analysts forecast that Blue Bird Corporation will post 4.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson set a $86.00 price objective on Blue Bird in a research note on Tuesday, June 9th. Roth Mkm initiated coverage on shares of Blue Bird in a report on Thursday. They set a “buy” rating and a $94.00 price target on the stock. Freedom Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. BTIG Research lifted their price objective on shares of Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Blue Bird from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

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.