PEAK6 LLC Buys New Position in Blue Bird Corporation $BLBD

PEAK6 LLC purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) during the second quarter, Holdings Channel reports. The firm purchased 49,315 shares of the company’s stock, valued at approximately $3,894,000.

Several other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Blue Bird by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock valued at $618,000 after buying an additional 820 shares during the last quarter. NewEdge Advisors LLC grew 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 acquiring an additional 681 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Blue Bird by 2,090.5% in the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock valued at $112,000 after acquiring an additional 3,303 shares during the period. New York State Common Retirement Fund increased its holdings in shares of 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 acquiring an additional 1,412 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Blue Bird in the 2nd quarter valued at $3,799,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $61.89 on Monday. The stock has a fifty day moving average price of $73.68 and a 200 day moving average price of $66.03. 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 company has a market cap of $1.96 billion, a PE ratio of 7.53, a P/E/G ratio of 0.80 and a beta of 1.36.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. The company had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. Sell-side analysts forecast that Blue Bird Corporation will post 4.68 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BLBD. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $86.00 price objective on shares of Blue Bird in a research note on Thursday, August 6th. BTIG Research upped their target price 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. 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 research note on Thursday, August 6th. Finally, Zacks Research raised Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.