Globeflex Capital L P Purchases Shares of 197,872 Blue Bird Corporation $BLBD

Globeflex Capital L P purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) during the second quarter, Holdings Channel reports. The fund purchased 197,872 shares of the company’s stock, valued at approximately $15,624,000. Blue Bird accounts for approximately 2.0% of Globeflex Capital L P’s portfolio, making the stock its 2nd biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Blue Bird in the second quarter valued at $207,493,000. Vanguard Group Inc. grew its stake in shares of Blue Bird by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock worth $95,931,000 after purchasing an additional 135,562 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Blue Bird by 41.8% in the first quarter. Janus Henderson Group PLC now owns 1,102,335 shares of the company’s stock valued at $62,669,000 after buying an additional 324,710 shares during the last quarter. Wellington Management Group LLP increased its holdings in Blue Bird by 0.8% in the fourth quarter. Wellington Management Group LLP now owns 1,048,028 shares of the company’s stock valued at $49,257,000 after buying an additional 8,430 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Blue Bird by 14.5% in the fourth quarter. First Trust Advisors LP now owns 865,136 shares of the company’s stock valued at $40,661,000 after buying an additional 109,668 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Performance

Shares of BLBD opened at $61.89 on Monday. 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 market cap of $1.96 billion, a P/E ratio of 7.53, a PEG ratio of 0.80 and a beta of 1.36. The company has a 50-day moving average of $73.68 and a two-hundred day moving average of $66.03.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on BLBD. Freedom Capital raised Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Saturday. Needham & Company LLC restated a “buy” rating and issued a $86.00 price target on shares of Blue Bird in a research report on Thursday, August 6th. BTIG Research lifted 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. Finally, Roth Capital set a $93.00 target price on Blue Bird in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Blue Bird currently has a consensus rating of “Buy” and an average 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.