Atom Investors LP Buys New Shares in Blue Bird Corporation $BLBD

Atom Investors LP bought a new stake in Blue Bird Corporation (NASDAQ:BLBD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 123,801 shares of the company’s stock, valued at approximately $5,819,000. Atom Investors LP owned about 0.39% of Blue Bird at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BLBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Blue Bird by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock valued at $618,000 after purchasing an additional 820 shares during the last quarter. NewEdge Advisors LLC increased its stake in Blue Bird by 30.9% in the first quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after purchasing an additional 681 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Blue Bird by 2,090.5% in the first quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock valued at $112,000 after purchasing an additional 3,303 shares during the last quarter. New York State Common Retirement Fund increased its stake in Blue Bird by 12.5% in the second quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock valued at $547,000 after purchasing an additional 1,412 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Blue Bird in the second quarter valued at $3,799,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Price Performance

BLBD stock opened at $73.21 on Wednesday. The stock has a 50-day moving average price of $66.88 and a two-hundred day moving average price of $58.01. Blue Bird Corporation has a 12-month low of $41.08 and a 12-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 cap of $2.32 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) 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 firm had revenue of $352.64 million during the quarter, compared to the consensus estimate of $335.23 million. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, research analysts predict that Blue Bird Corporation will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

BLBD has been the subject of several analyst reports. BTIG Research upped their target price on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Needham & Company LLC upped their target price on Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research downgraded Blue Bird from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Freedom Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Barclays boosted their price target on Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Blue Bird currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.80.

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.