OP Asset Management Ltd Takes Position in Blue Bird Corporation $BLBD

OP Asset Management Ltd bought a new position in Blue Bird Corporation (NASDAQ:BLBD) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,406 shares of the company’s stock, valued at approximately $3,885,000. OP Asset Management Ltd owned about 0.22% of Blue Bird as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BLBD. SG Americas Securities LLC grew its holdings in Blue Bird by 25.9% in the first quarter. SG Americas Securities LLC now owns 128,199 shares of the company’s stock valued at $7,280,000 after purchasing an additional 26,344 shares during the period. Evolve Private Wealth LLC boosted its holdings in shares of Blue Bird by 10.0% in the 1st quarter. Evolve Private Wealth LLC now owns 9,460 shares of the company’s stock valued at $537,000 after purchasing an additional 863 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 purchasing an additional 525 shares during the last quarter. Sankala Group LLC purchased a new stake in shares of Blue Bird during the 4th quarter valued at $504,000. Finally, Pacer Advisors Inc. grew its stake in shares of Blue Bird by 8.0% during the 4th quarter. Pacer Advisors Inc. now owns 119,358 shares of the company’s stock valued at $5,610,000 after buying an additional 8,858 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Blue Bird Stock Performance

Shares of BLBD stock opened at $78.81 on Friday. The company’s fifty day simple moving average is $69.06 and its 200-day simple moving average is $59.32. Blue Bird Corporation has a 52 week low of $42.00 and a 52 week 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 $2.49 billion, a PE ratio of 19.36, a P/E/G ratio of 1.11 and a beta of 1.37.

Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The business had revenue of $352.63 million for the quarter, compared to analyst estimates of $335.23 million. During the same quarter in the previous year, the business posted $0.96 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that Blue Bird Corporation will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLBD. Roth Mkm started coverage on Blue Bird in a research report on Thursday. They issued a “buy” rating and a $94.00 target price on the stock. BTIG Research boosted their price target on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. DA Davidson set a $86.00 price target on Blue Bird in a research note on Tuesday, June 9th. Barclays raised their price objective on Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Needham & Company LLC lifted their price objective on Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Seven 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.50.

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.