SG Americas Securities LLC Grows Stock Position in Blue Bird Corporation $BLBD

SG Americas Securities LLC boosted its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 285.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,855 shares of the company’s stock after acquiring an additional 75,428 shares during the quarter. SG Americas Securities LLC owned 0.32% of Blue Bird worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. purchased a new position in Blue Bird in the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Blue Bird by 10,028.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after purchasing an additional 702 shares during the period. Larson Financial Group LLC grew its holdings in shares of Blue Bird by 1,742.3% in the third quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock worth $75,000 after purchasing an additional 1,237 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Blue Bird by 30.9% in the first 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 last quarter. Finally, LSV Asset Management purchased a new position in shares of Blue Bird in the third quarter worth $98,000. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Stock Performance

NASDAQ:BLBD opened at $58.75 on Thursday. The stock has a market cap of $1.86 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.40. The firm’s fifty day simple moving average is $55.57 and its 200 day simple moving average is $53.55. Blue Bird Corporation has a twelve month low of $30.04 and a twelve month high of $62.90. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.31.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The business had revenue of $333.08 million during the quarter, compared to analyst estimates of $325.74 million. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts predict that Blue Bird Corporation will post 3.86 EPS for the current year.

Insider Transactions at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 3,925 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $60.98, for a total transaction of $239,346.50. Following the transaction, the chief financial officer owned 42,255 shares in the company, valued at approximately $2,576,709.90. This represents a 8.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey Scott Sanfrey sold 5,192 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total value of $303,939.68. Following the completion of the transaction, the chief operating officer directly owned 39,011 shares of the company’s stock, valued at $2,283,703.94. This represents a 11.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BLBD shares. Needham & Company LLC increased their price target on shares of Blue Bird from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. BTIG Research restated a “buy” rating and issued a $65.00 price objective on shares of Blue Bird in a research report on Thursday, February 5th. Zacks Research downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. Wall Street Zen lowered shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Barclays boosted their price target on Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.20.

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.