Hudson Edge Investment Partners Inc. Takes Position in Blue Bird Corporation $BLBD

Hudson Edge Investment Partners Inc. bought a new stake in Blue Bird Corporation (NASDAQ:BLBD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,668 shares of the company’s stock, valued at approximately $833,000.

A number of other institutional investors have also added to or reduced their stakes in BLBD. Rockefeller Capital Management L.P. raised its holdings in Blue Bird by 210.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after acquiring an additional 525 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Blue Bird by 222.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after acquiring an additional 568 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 702 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Blue Bird during the 4th quarter worth approximately $41,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Blue Bird during the 4th quarter worth approximately $63,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on BLBD shares. Barclays upped their target price on Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. BTIG Research lifted their price target on shares of Blue Bird from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Needham & Company LLC increased their price objective on shares of 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 cut shares of Blue Bird from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Finally, DA Davidson set a $86.00 price objective on shares of Blue Bird in a report on Tuesday, June 9th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Blue Bird Stock Performance

BLBD stock opened at $76.08 on Friday. Blue Bird Corporation has a 1-year low of $42.00 and a 1-year high of $81.51. The firm has a market cap of $2.41 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.03 and a beta of 1.35. The business’s 50 day moving average is $70.63 and its 200-day moving average is $60.25. The company has a current ratio of 1.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $352.63 million during the quarter, compared to analysts’ expectations of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.Blue Bird’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. Equities analysts anticipate that Blue Bird Corporation will post 4.5 earnings per share for the current fiscal year.

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.