Entropy Technologies LP Takes $211,000 Position in Blue Bird Corporation $BLBD

Entropy Technologies LP acquired a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) during the second quarter, Holdings Channel reports. The fund acquired 4,899 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLBD. Wellington Management Group LLP grew its stake in Blue Bird by 1.8% in the first quarter. Wellington Management Group LLP now owns 1,358,691 shares of the company’s stock valued at $43,981,000 after acquiring an additional 23,569 shares during the period. ZWJ Investment Counsel Inc. acquired a new position in shares of Blue Bird during the second quarter worth approximately $259,000. Alliancebernstein L.P. lifted its holdings in shares of Blue Bird by 13.6% in the 1st quarter. Alliancebernstein L.P. now owns 936,495 shares of the company’s stock worth $30,314,000 after purchasing an additional 112,197 shares in the last quarter. American Century Companies Inc. grew its position in Blue Bird by 1,394.9% in the 1st quarter. American Century Companies Inc. now owns 1,619,494 shares of the company’s stock valued at $52,423,000 after purchasing an additional 1,511,158 shares during the period. Finally, Invst LLC bought a new stake in Blue Bird during the 1st quarter valued at $438,000. 93.59% of the stock is owned by institutional investors.

Blue Bird Trading Up 1.7%

Shares of BLBD stock opened at $52.74 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 1.74. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.42 and a beta of 1.62. Blue Bird Corporation has a 52-week low of $30.04 and a 52-week high of $61.95. The company has a 50-day simple moving average of $54.17 and a two-hundred day simple moving average of $49.56.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Monday, November 24th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.35. The firm had revenue of $409.37 million for the quarter, compared to the consensus estimate of $380.37 million. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. Blue Bird has set its FY 2026 guidance at EPS. Research analysts anticipate that Blue Bird Corporation will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLBD. UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a research note on Monday, November 3rd. Bank of America raised their price target on shares of Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson set a $76.00 price target on Blue Bird in a research note on Tuesday. Zacks Research lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, BTIG Research restated a “buy” rating and issued a $65.00 target price on shares of Blue Bird in a report on Tuesday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Blue Bird currently has an average rating of “Moderate Buy” and an average price target of $64.60.

Insiders Place Their Bets

In other Blue Bird news, CFO Razvan Radulescu sold 6,709 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $57.41, for a total value of $385,163.69. Following the completion of the transaction, the chief financial officer owned 40,794 shares in the company, valued at $2,341,983.54. This represents a 14.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Blue Bird Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.