Blue Bird Corporation $BLBD Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in Blue Bird Corporation (NASDAQ:BLBD) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 344,897 shares of the company’s stock after selling 18,113 shares during the period. BNP Paribas Financial Markets’ holdings in Blue Bird were worth $16,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BLBD. Caitong International Asset Management Co. Ltd lifted its stake in shares of Blue Bird by 10,028.6% in the 3rd 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 in the last quarter. Larson Financial Group LLC lifted its stake 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 valued at $75,000 after purchasing an additional 1,237 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Blue Bird by 30.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after purchasing an additional 681 shares in the last quarter. LSV Asset Management acquired a new position in shares of Blue Bird in the 3rd quarter valued at about $98,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Blue Bird by 184.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,903 shares of the company’s stock valued at $110,000 after purchasing an additional 1,233 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $69.68 on Friday. Blue Bird Corporation has a twelve month low of $40.45 and a twelve month high of $81.51. 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 market capitalization of $2.21 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37. The business has a 50 day simple moving average of $64.88 and a 200-day simple moving average of $57.02.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The business had revenue of $352.64 million during the quarter, compared to the consensus estimate of $335.23 million. During the same period in the previous year, the business earned $0.96 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts expect that Blue Bird Corporation will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLBD. Barclays raised their target price on Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. BTIG Research raised their target price on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. DA Davidson restated a “buy” rating and set a $86.00 price objective on shares of Blue Bird in a report on Monday, June 1st. Finally, Freedom Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.80.

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.