197,872 Shares in Blue Bird Corporation $BLBD Bought by Globeflex Capital L P

Globeflex Capital L P purchased a new position in Blue Bird Corporation (NASDAQ:BLBD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 197,872 shares of the company’s stock, valued at approximately $15,624,000. Blue Bird makes up 2.0% of Globeflex Capital L P’s portfolio, making the stock its 2nd largest position. Globeflex Capital L P owned approximately 0.62% of Blue Bird as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Blue Bird by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock valued at $618,000 after purchasing an additional 820 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Blue Bird by 30.9% during 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 during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Blue Bird by 2,090.5% during the first quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock worth $112,000 after purchasing an additional 3,303 shares during the last quarter. New York State Common Retirement Fund boosted its position in Blue Bird by 12.5% in the 2nd quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock valued at $547,000 after buying an additional 1,412 shares during the period. Finally, Marshall Wace LLP bought a new position in Blue Bird in the second quarter worth approximately $3,799,000. Institutional investors own 93.59% of the company’s stock.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $61.89 on Monday. The firm has a fifty day moving average of $73.68 and a 200 day moving average of $66.03. Blue Bird Corporation has a one year low of $46.14 and a one year high of $83.39. The firm has a market cap of $1.96 billion, a PE ratio of 7.53, a PEG ratio of 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. The company 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%. As a group, research analysts predict that Blue Bird Corporation will post 4.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BLBD shares. DA Davidson increased their target price on shares of Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Freedom Capital raised Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Barclays lifted their target price on shares of Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. BTIG Research boosted their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock 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.