UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Blue Bird Corporation $BLBD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Blue Bird Corporation (NASDAQ:BLBD) by 28.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,420 shares of the company’s stock after selling 21,649 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Blue Bird were worth $4,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BLBD. Kilter Group LLC purchased a new position in shares of Blue Bird in the 2nd quarter worth about $25,000. Rockefeller Capital Management L.P. increased its holdings in Blue Bird by 210.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after buying an additional 525 shares during the last quarter. Dunhill Financial LLC bought a new stake in Blue Bird in the second quarter worth about $39,000. Transamerica Financial Advisors LLC raised its position in 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 acquiring an additional 568 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in 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 valued at $41,000 after acquiring an additional 702 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Blue Bird Stock Performance

Shares of BLBD stock opened at $62.59 on Thursday. The firm’s 50 day moving average is $69.87 and its 200 day moving average is $66.41. The stock has a market capitalization of $1.98 billion, a P/E ratio of 7.61, a PEG ratio of 0.83 and a beta of 1.36. Blue Bird Corporation has a 12 month low of $46.14 and a 12 month high of $83.39. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. The business had revenue of $517.16 million during the quarter, compared to analyst estimates of $485.73 million. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. On average, sell-side analysts anticipate that Blue Bird Corporation will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BLBD shares. Needham & Company LLC restated a “buy” rating and set a $86.00 price target on shares of Blue Bird in a research note 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. Zacks Research upgraded Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Barclays upped their price target on Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, BTIG Research increased their price target on Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $85.33.

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.