Jupiter Topco LLC Invests $94.22 Million in Blue Bird Corporation $BLBD

Jupiter Topco LLC bought a new stake in shares of Blue Bird Corporation (NASDAQ:BLBD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,193,431 shares of the company’s stock, valued at approximately $94,222,000. Jupiter Topco LLC owned 3.77% of Blue Bird at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 buying an additional 820 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Blue Bird by 30.9% during the 1st 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 period. Jones Financial Companies Lllp increased its holdings in Blue Bird by 2,090.5% during the 1st 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 period. New York State Common Retirement Fund raised its position in Blue Bird by 12.5% during the 2nd quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock valued at $547,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Blue Bird during the 2nd quarter valued at $3,799,000. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Trading Up 3.2%

BLBD opened at $60.50 on Thursday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.76 and a beta of 1.36. 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 Corporation has a 12 month low of $46.14 and a 12 month high of $83.39. The stock has a fifty day moving average price of $72.85 and a 200-day moving average price of $66.18.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The firm had revenue of $517.16 million during the quarter, compared to analysts’ expectations of $485.73 million. As a group, equities research analysts anticipate that Blue Bird Corporation will post 4.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Blue Bird from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Roth Capital set a $93.00 price objective on Blue Bird in a report on Monday, August 10th. Freedom Capital raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. 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. Finally, Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Blue Bird has an average 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.