Renaissance Technologies LLC Sells 47,900 Shares of Blue Bird Corporation $BLBD

Renaissance Technologies LLC cut its stake in Blue Bird Corporation (NASDAQ:BLBD) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,540 shares of the company’s stock after selling 47,900 shares during the period. Renaissance Technologies LLC’s holdings in Blue Bird were worth $20,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $41,000 after buying an additional 702 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Blue Bird by 210.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after acquiring an additional 525 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Blue Bird by 222.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after acquiring an additional 568 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Blue Bird in the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC boosted its stake in Blue Bird by 1,742.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock valued at $75,000 after purchasing an additional 1,237 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Trading Up 3.2%

Blue Bird stock opened at $74.60 on Friday. Blue Bird Corporation has a 52-week low of $42.95 and a 52-week high of $83.39. The company has a market cap of $2.36 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.98 and a beta of 1.35. The company has a quick ratio of 1.27, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $74.57 and a two-hundred day simple moving average of $64.05.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $352.63 million for the quarter, compared to analysts’ expectations of $335.23 million. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. Analysts predict that Blue Bird Corporation will post 4.5 EPS for the current year.

Analyst Upgrades and Downgrades

BLBD has been the subject of several recent analyst reports. DA Davidson set a $86.00 price target on Blue Bird in a research note on Tuesday, June 9th. Roth Capital started coverage on Blue Bird in a research report on Thursday, June 25th. They issued a “buy” rating and a $94.00 target price for the company. Freedom Capital cut shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Blue Bird has a consensus rating of “Moderate Buy” and a consensus target price of $82.17.

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.