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

Jupiter Topco LLC acquired a new stake in shares of Blue Bird Corporation (NASDAQ:BLBD) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,193,431 shares of the company’s stock, valued at approximately $94,222,000.

A number of other institutional investors have also recently made changes to their positions in the business. Kilter Group LLC purchased a new position in Blue Bird during the 2nd quarter worth $25,000. Dunhill Financial LLC acquired a new position in Blue Bird during the 2nd quarter valued at about $39,000. GAMMA Investing LLC raised its stake in Blue Bird by 85.5% in the second quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock valued at $50,000 after buying an additional 290 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after buying an additional 702 shares during the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in Blue Bird in the second quarter worth about $57,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

BLBD has been the topic of a number of research analyst reports. Barclays boosted their price target on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. BTIG Research boosted their target price 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. Roth Capital set a $93.00 price target on shares of Blue Bird in a research note on Monday, August 10th. Finally, Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. 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 Stock Up 3.2%

Shares of BLBD stock opened at $60.50 on Thursday. Blue Bird Corporation has a fifty-two week low of $46.14 and a fifty-two week high of $83.39. The firm has a market capitalization of $1.92 billion, a PE ratio of 7.36, a P/E/G ratio of 0.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64. The stock’s 50-day simple moving average is $72.85 and its 200-day simple moving average is $66.18.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 39.97% and a net margin of 17.48%. Equities analysts expect that Blue Bird Corporation will post 4.68 earnings per share for the current year.

About Blue Bird

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.