SG Americas Securities LLC Acquires 17,716 Shares of Blue Bird Corporation $BLBD

SG Americas Securities LLC raised its holdings in shares of Blue Bird Corporation (NASDAQ:BLBD) by 203.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,427 shares of the company’s stock after acquiring an additional 17,716 shares during the quarter. SG Americas Securities LLC’s holdings in Blue Bird were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BLBD. University of Texas Texas AM Investment Management Co. bought a new position in Blue Bird in the 2nd quarter worth $29,000. Blue Trust Inc. bought a new position in shares of Blue Bird in the third quarter worth about $38,000. Nisa Investment Advisors LLC raised its stake in shares of Blue Bird by 159.9% in the second quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock worth $43,000 after buying an additional 611 shares during the period. NewEdge Advisors LLC lifted its position in shares of Blue Bird by 30.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after buying an additional 681 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Blue Bird by 2,090.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock valued at $112,000 after acquiring an additional 3,303 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Blue Bird Stock Performance

BLBD opened at $49.34 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.74. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 2.32 and a beta of 1.43. The company has a fifty day moving average of $50.48 and a 200 day moving average of $51.84. Blue Bird Corporation has a fifty-two week low of $30.04 and a fifty-two week high of $61.95.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.97 by $0.35. The business had revenue of $409.37 million for the quarter, compared to analysts’ expectations of $380.37 million. Blue Bird had a net margin of 8.63% and a return on equity of 62.87%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. As a group, sell-side analysts forecast that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BLBD shares. BTIG Research restated a “buy” rating and set a $65.00 target price on shares of Blue Bird in a research note on Tuesday, November 25th. Zacks Research downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. DA Davidson upped their target price on shares of Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of Blue Bird in a research note on Tuesday, November 25th. Finally, Bank of America raised their price target on Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.60.

Insider Buying and Selling

In other news, CFO Razvan Radulescu sold 7,984 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $50.39, for a total transaction of $402,313.76. Following the sale, the chief financial officer directly owned 49,087 shares of the company’s stock, valued at $2,473,493.93. This represents a 13.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phil Horlock sold 15,381 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the transaction, the director directly owned 225,385 shares of the company’s stock, valued at approximately $11,363,911.70. This trade represents a 6.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

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.