Vanguard Group Inc. Lowers Stock Holdings in Blue Bird Corporation $BLBD

Vanguard Group Inc. reduced its position in Blue Bird Corporation (NASDAQ:BLBD) by 6.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,905,523 shares of the company’s stock after selling 126,227 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Blue Bird worth $109,663,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in Blue Bird during the 3rd quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its position in shares of Blue Bird by 159.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock valued at $43,000 after purchasing an additional 611 shares in the last quarter. NewEdge Advisors LLC increased 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 period. LSV Asset Management purchased a new stake in shares of Blue Bird in the third quarter worth $98,000. Finally, Jones Financial Companies Lllp raised its position in shares of Blue Bird by 184.0% in the third quarter. Jones Financial Companies Lllp now owns 1,903 shares of the company’s stock worth $110,000 after buying an additional 1,233 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Insider Transactions at Blue Bird

In other Blue Bird news, Director Phil Horlock sold 15,381 shares of Blue Bird stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $50.42, for a total value of $775,510.02. Following the transaction, the director directly owned 225,385 shares of the company’s stock, valued at $11,363,911.70. The trade was a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Razvan Radulescu sold 3,925 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $60.98, for a total value of $239,346.50. Following the sale, the chief financial officer directly owned 42,255 shares of the company’s stock, valued at approximately $2,576,709.90. This trade represents a 8.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,290 shares of company stock valued at $1,417,170. 1.10% of the stock is currently owned by corporate insiders.

Blue Bird Price Performance

Shares of Blue Bird stock opened at $58.22 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.81. Blue Bird Corporation has a 52-week low of $30.04 and a 52-week high of $62.90. The company has a fifty day moving average of $53.00 and a 200-day moving average of $53.90. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.30 and a beta of 1.40.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share 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 the consensus estimate of $325.74 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts expect that Blue Bird Corporation will post 3.86 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wall Street Zen cut Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Bank of America upped their price objective on shares of Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. DA Davidson lifted their target price on shares of Blue Bird from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. BTIG Research reissued a “buy” rating and issued a $65.00 price target on shares of Blue Bird in a research note on Thursday, February 5th. Finally, Zacks Research upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, Blue Bird currently has an average rating of “Buy” and a consensus target price of $67.20.

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.