14,668 Shares in Blue Bird Corporation $BLBD Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. purchased a new stake in shares of Blue Bird Corporation (NASDAQ:BLBD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,668 shares of the company’s stock, valued at approximately $833,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position 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 in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Blue Bird by 210.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after buying an additional 525 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Blue Bird by 222.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after acquiring an additional 568 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Blue Bird in the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Blue Bird by 1,742.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock worth $75,000 after acquiring an additional 1,237 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

Blue Bird Stock Performance

Shares of NASDAQ BLBD opened at $76.08 on Friday. Blue Bird Corporation has a 1-year low of $42.00 and a 1-year high of $81.51. The company has a market cap of $2.41 billion, a PE ratio of 18.69, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a current ratio of 1.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $70.63 and a two-hundred day moving average of $60.25.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The company had revenue of $352.63 million for the quarter, compared to analyst estimates of $335.23 million. During the same period in the prior year, the business earned $0.96 earnings per share. Blue Bird’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts expect that Blue Bird Corporation will post 4.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLBD. BTIG Research increased their price target on Blue Bird from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Freedom Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Needham & Company LLC boosted their price objective on Blue Bird from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Barclays boosted their price objective on Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Zacks Research cut Blue Bird from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.50.

Blue Bird Company 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.