Concurrent Investment Advisors LLC Grows Stake in Blue Bird Corporation $BLBD

Concurrent Investment Advisors LLC boosted its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 121.8% during the 4th quarter, HoldingsChannel reports. The fund owned 22,076 shares of the company’s stock after purchasing an additional 12,122 shares during the period. Concurrent Investment Advisors LLC’s holdings in Blue Bird were worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BLBD. JPMorgan Chase & Co. boosted its stake in Blue Bird by 185.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock worth $53,283,000 after purchasing an additional 601,690 shares during the period. Tudor Investment Corp ET AL acquired a new position in Blue Bird in the third quarter valued at $10,932,000. Allspring Global Investments Holdings LLC increased its stake in Blue Bird by 12.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 409,872 shares of the company’s stock valued at $19,166,000 after purchasing an additional 46,801 shares during the period. Royce & Associates LP raised its holdings in shares of Blue Bird by 19.4% in the third quarter. Royce & Associates LP now owns 162,817 shares of the company’s stock valued at $9,370,000 after buying an additional 26,454 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Blue Bird by 285.4% in the fourth quarter. SG Americas Securities LLC now owns 101,855 shares of the company’s stock valued at $4,787,000 after buying an additional 75,428 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Blue Bird Trading Up 4.3%

Shares of Blue Bird stock opened at $64.11 on Friday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.40. Blue Bird Corporation has a 52-week low of $34.70 and a 52-week high of $66.13. The company’s 50-day simple moving average is $58.78 and its 200-day simple moving average is $54.31. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.31.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The firm had revenue of $333.08 million during the quarter, compared to the consensus estimate of $325.74 million. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Blue Bird Corporation will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLBD has been the topic of a number of research reports. Needham & Company LLC raised their price target on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. BTIG Research reaffirmed a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a research report on Thursday, February 5th. Zacks Research downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. Barclays boosted their target price on Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.20.

Insider Buying and Selling

In other news, COO Jeffrey Scott Sanfrey sold 5,192 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total value of $303,939.68. Following the completion of the sale, the chief operating officer directly owned 39,011 shares of the company’s stock, valued at $2,283,703.94. This trade represents a 11.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Razvan Radulescu sold 3,925 shares of Blue Bird 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 completion of the sale, the chief financial officer owned 42,255 shares in the company, valued at approximately $2,576,709.90. This trade represents a 8.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

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.