EFG International AG Buys Shares of 78,186 Blue Bird Corporation $BLBD

EFG International AG bought a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 78,186 shares of the company’s stock, valued at approximately $6,173,000. EFG International AG owned approximately 0.25% of Blue Bird at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. PDT Partners LLC acquired a new stake in shares of Blue Bird in the 2nd quarter valued at approximately $1,337,000. Canada Pension Plan Investment Board bought a new position in Blue Bird in the 2nd quarter valued at approximately $450,000. Legal & General Group Plc bought a new position in Blue Bird in the 2nd quarter valued at approximately $2,077,000. The Manufacturers Life Insurance Company acquired a new stake in Blue Bird in the second quarter valued at approximately $1,193,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Blue Bird in the second quarter valued at approximately $261,000. Institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

BLBD has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $86.00 price target on shares of Blue Bird in a report on Thursday, August 6th. Roth Capital set a $93.00 price target on Blue Bird in a research note on Monday, August 10th. DA Davidson lifted their target price on shares of Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. BTIG Research raised their price objective on Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Barclays upped their target price on Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Blue Bird has an average rating of “Buy” and an average price target of $85.33.

Blue Bird Stock Performance

Shares of BLBD opened at $58.65 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $73.11 and its two-hundred day simple moving average is $66.14. Blue Bird Corporation has a 12 month low of $46.14 and a 12 month high of $83.39. The stock has a market capitalization of $1.86 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $485.73 million. As a group, analysts predict that Blue Bird Corporation will post 4.68 EPS 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.