Blue Bird Corporation $BLBD Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of Blue Bird Corporation (NASDAQ:BLBD) by 25.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,286 shares of the company’s stock after selling 28,808 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Blue Bird were worth $4,908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Blue Bird during the second quarter worth about $29,000. Blue Trust Inc. acquired a new stake in Blue Bird in the third quarter valued at about $38,000. Nisa Investment Advisors LLC boosted its holdings in Blue Bird by 159.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock valued at $43,000 after purchasing an additional 611 shares in the last quarter. NewEdge Advisors LLC increased its position in Blue Bird by 30.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock worth $93,000 after purchasing an additional 681 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Blue Bird by 2,090.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock worth $112,000 after purchasing an additional 3,303 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Trading Up 1.7%

Shares of BLBD stock opened at $47.85 on Friday. The stock has a market cap of $1.52 billion, a P/E ratio of 12.33, a P/E/G ratio of 2.23 and a beta of 1.43. The company has a quick ratio of 1.15, a current ratio of 1.74 and a debt-to-equity ratio of 0.33. Blue Bird Corporation has a fifty-two week low of $30.04 and a fifty-two week high of $61.95. The business has a fifty day simple moving average of $50.67 and a 200-day simple moving average of $51.64.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Monday, November 24th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.35. Blue Bird had a net margin of 8.63% and a return on equity of 62.87%. The firm had revenue of $409.37 million for the quarter, compared to analysts’ expectations of $380.37 million. During the same period in the prior year, the company earned $0.77 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. On average, analysts forecast that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BLBD. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Blue Bird in a report on Tuesday, November 25th. Bank of America increased their price objective on Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. UBS Group restated a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. BTIG Research reaffirmed a “buy” rating and set a $65.00 price target on shares of Blue Bird in a research note on Tuesday, November 25th. Finally, DA Davidson increased their price target on shares of Blue Bird from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Blue Bird currently has an average rating of “Moderate Buy” and a consensus price target of $64.60.

Insider Activity at Blue Bird

In related news, CFO Razvan Radulescu sold 7,984 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $50.39, for a total value of $402,313.76. Following the sale, the chief financial officer owned 49,087 shares of the company’s stock, valued at approximately $2,473,493.93. This represents a 13.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Phil Horlock sold 15,381 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.42, for a total value of $775,510.02. Following the sale, the director owned 225,385 shares in the company, valued at approximately $11,363,911.70. This trade represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

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.