Invst LLC Buys Shares of 11,967 Blue Bird Corporation $BLBD

Invst LLC purchased a new position in Blue Bird Corporation (NASDAQ:BLBD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,967 shares of the company’s stock, valued at approximately $945,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kilter Group LLC bought a new stake in shares of Blue Bird during the 2nd quarter worth $25,000. Dunhill Financial LLC bought a new position in Blue Bird in the second quarter valued at $39,000. GAMMA Investing LLC increased its position in shares of Blue Bird by 85.5% during the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Blue Bird by 10,028.6% during the 3rd 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 in the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Blue Bird during the 2nd quarter valued at about $57,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BTIG Research boosted their price target on shares of Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and issued a $86.00 price objective on shares of Blue Bird in a report on Thursday, August 6th. Barclays lifted their price target on Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Freedom Capital raised Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Blue Bird has an average rating of “Buy” and a consensus price target of $85.33.

Blue Bird Stock Performance

Shares of Blue Bird stock opened at $58.65 on Wednesday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.77 and a beta of 1.36. The firm’s 50-day moving average is $73.11 and its 200 day moving average is $66.14. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year high of $83.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. The business had revenue of $517.16 million during the quarter, compared to analyst estimates of $485.73 million. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. Sell-side analysts anticipate that Blue Bird Corporation will post 4.68 EPS for the current fiscal 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.