PDT Partners LLC Acquires New Stake in Blue Bird Corporation $BLBD

PDT Partners LLC purchased a new position in Blue Bird Corporation (NASDAQ:BLBD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,934 shares of the company’s stock, valued at approximately $1,337,000. PDT Partners LLC owned about 0.05% of Blue Bird at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Blue Bird during the 2nd quarter worth $207,493,000. Neumeier Poma Investment Counsel LLC bought a new stake in Blue Bird during the second quarter valued at about $51,129,758,000. Goldman Sachs Group Inc. boosted its position in Blue Bird by 197.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 712,707 shares of the company’s stock valued at $33,497,000 after purchasing an additional 472,990 shares in the last quarter. Marshall Wace LLP grew its stake in Blue Bird by 383.1% in the third quarter. Marshall Wace LLP now owns 425,214 shares of the company’s stock valued at $24,471,000 after purchasing an additional 337,196 shares during the last quarter. Finally, Janus Henderson Group PLC raised 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 worth $62,669,000 after purchasing an additional 324,710 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Performance

Shares of BLBD stock opened at $60.50 on Thursday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. The business has a fifty day moving average of $72.85 and a 200 day moving average of $66.18. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year high of $83.39.

Blue Bird (NASDAQ:BLBD) last issued its quarterly 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. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The company had revenue of $517.16 million during the quarter, compared to analysts’ expectations of $485.73 million. As a group, research analysts expect that Blue Bird Corporation will post 4.68 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BTIG Research raised their price target 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. DA Davidson boosted their price objective on shares of Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Barclays raised their target price on shares of Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Roth Capital set a $93.00 price target on shares of Blue Bird in a report on Monday, August 10th. One equities 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, the stock currently has an average 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.