SG Americas Securities LLC Buys 26,344 Shares of Blue Bird Corporation $BLBD

SG Americas Securities LLC raised its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 25.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,199 shares of the company’s stock after purchasing an additional 26,344 shares during the period. SG Americas Securities LLC owned 0.41% of Blue Bird worth $7,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC boosted its stake in Blue Bird by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock valued at $272,000 after buying an additional 372 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Blue Bird by 8.7% during the 4th quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock valued at $261,000 after acquiring an additional 417 shares during the last quarter. R Squared Ltd boosted its position in shares of Blue Bird by 11.0% during the 4th quarter. R Squared Ltd now owns 4,464 shares of the company’s stock valued at $210,000 after acquiring an additional 443 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Blue Bird by 210.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after purchasing an additional 525 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in Blue Bird by 222.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLBD. Barclays increased their price objective on shares of Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. DA Davidson set a $86.00 target price on shares of Blue Bird in a research report on Tuesday, June 9th. Needham & Company LLC increased their price target on shares of Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Freedom Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Zacks Research cut Blue Bird from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.50.

Blue Bird Stock Performance

Shares of BLBD opened at $78.81 on Friday. 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 firm has a market cap of $2.49 billion, a PE ratio of 19.36, a P/E/G ratio of 1.10 and a beta of 1.37. Blue Bird Corporation has a 12 month low of $42.00 and a 12 month high of $81.51. The stock has a fifty day moving average price of $69.06 and a 200-day moving average price of $59.32.

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, topping analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $352.63 million for the quarter, compared to analyst estimates of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Equities research analysts predict that Blue Bird Corporation will post 4.5 earnings per share for the current fiscal 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.