PDT Partners LLC Purchases Shares of 16,934 Blue Bird Corporation $BLBD

PDT Partners LLC acquired a new stake in shares of Blue Bird Corporation (NASDAQ:BLBD) in the second quarter, Holdings Channel.com reports. The firm acquired 16,934 shares of the company’s stock, valued at approximately $1,337,000.

A number of other hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Blue Bird by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after purchasing an additional 820 shares in the last quarter. NewEdge Advisors LLC grew its position in Blue Bird by 30.9% during the first quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after buying an additional 681 shares during the period. Jones Financial Companies Lllp increased its holdings 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 buying an additional 3,303 shares in the last quarter. New York State Common Retirement Fund increased its holdings 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 buying an additional 1,412 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Blue Bird in the second quarter worth about $3,799,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BLBD. BTIG Research raised their target price on Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Barclays upped their price target on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Roth Capital set a $93.00 price target on Blue Bird in a research report on Monday, August 10th. Zacks Research raised Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Freedom Capital upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $85.33.

Blue Bird Price Performance

NASDAQ:BLBD opened at $60.50 on Thursday. The stock has a 50 day moving average of $72.85 and a two-hundred day moving average of $66.18. Blue Bird Corporation has a 12 month low of $46.14 and a 12 month high of $83.39. The firm has a market cap of $1.92 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The firm had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. On average, analysts expect that Blue Bird Corporation will post 4.68 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.