De Lisle Partners LLP Invests $7.30 Million in Blue Bird Corporation $BLBD

De Lisle Partners LLP bought a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the second quarter, HoldingsChannel reports. The fund bought 92,417 shares of the company’s stock, valued at approximately $7,296,000.

Several other large investors have also recently bought and sold shares of the business. Kilter Group LLC purchased a new stake in Blue Bird during the 2nd quarter worth about $25,000. Rockefeller Capital Management L.P. raised its position in shares of Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after acquiring an additional 525 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of Blue Bird during the 2nd quarter worth about $39,000. Transamerica Financial Advisors LLC lifted its stake in Blue Bird by 222.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after purchasing an additional 568 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Blue Bird by 10,028.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BLBD shares. DA Davidson upped their price target on Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, August 6th. BTIG Research boosted their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and issued a $86.00 target price on shares of Blue Bird in a report on Thursday, August 6th. Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Saturday. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $85.33.

Blue Bird Price Performance

BLBD stock opened at $61.89 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.96 billion, a P/E ratio of 7.53, a PEG ratio of 0.81 and a beta of 1.36. The business has a 50 day simple moving average of $73.68 and a 200-day simple moving average of $65.93. Blue Bird Corporation has a twelve month low of $46.14 and a twelve month high of $83.39.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm 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, equities analysts anticipate that Blue Bird Corporation will post 4.68 EPS for the current year.

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.