Empowered Funds LLC Buys Shares of 365,954 Blue Bird Corporation $BLBD

Empowered Funds LLC purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 365,954 shares of the company’s stock, valued at approximately $28,896,000. Empowered Funds LLC owned approximately 1.16% of Blue Bird as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of BLBD. Kilter Group LLC bought a new stake in Blue Bird during the 2nd quarter worth $25,000. Rockefeller Capital Management L.P. boosted its stake in shares of Blue Bird by 210.0% during 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. Transamerica Financial Advisors LLC grew its holdings in shares of Blue Bird by 222.7% during 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. Dunhill Financial LLC acquired a new position in shares of Blue Bird in the second quarter valued at approximately $39,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Blue Bird by 10,028.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after buying an additional 702 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLBD has been the subject of several recent research reports. Roth Capital set a $93.00 price target on shares of Blue Bird in a research report on Monday, August 10th. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. DA Davidson increased their price objective on Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 target price on shares of Blue Bird in a research report on Thursday, August 6th. Finally, Barclays lifted their target price on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $85.33.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $59.90 on Friday. Blue Bird Corporation has a twelve month low of $46.14 and a twelve month high of $83.39. The firm has a fifty day simple moving average of $72.57 and a 200 day simple moving average of $66.18. The company has a market capitalization of $1.90 billion, a PE ratio of 7.29, a P/E/G ratio of 0.79 and a beta of 1.36. The company has a quick ratio of 0.67, a current ratio of 1.64 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 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. The business had revenue of $517.16 million for the quarter, compared to analysts’ expectations of $485.73 million. On average, sell-side analysts forecast that Blue Bird Corporation will post 4.68 EPS for the current year.

Blue Bird 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.