78,186 Shares in Blue Bird Corporation $BLBD Bought by EFG International AG

EFG International AG purchased a new position in Blue Bird Corporation (NASDAQ:BLBD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 78,186 shares of the company’s stock, valued at approximately $6,173,000.

Several other institutional investors have also recently made changes to their positions in BLBD. BlackRock Inc. acquired a new position in shares of Blue Bird during the second quarter valued at about $207,493,000. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Blue Bird in the 2nd quarter worth about $51,129,758,000. Goldman Sachs Group Inc. raised its holdings in shares of Blue Bird by 197.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 712,707 shares of the company’s stock worth $33,497,000 after acquiring an additional 472,990 shares during the last quarter. Marshall Wace LLP lifted its position in Blue Bird by 383.1% in the 3rd quarter. Marshall Wace LLP now owns 425,214 shares of the company’s stock valued at $24,471,000 after acquiring an additional 337,196 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Blue Bird by 41.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,102,335 shares of the company’s stock valued at $62,669,000 after purchasing an additional 324,710 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analysts Set New Price Targets

BLBD has been the subject of several analyst reports. DA Davidson increased their price objective on Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BTIG Research upped their price target on Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Blue Bird from a “hold” rating to a “buy” rating in a research report on Saturday. Roth Capital set a $93.00 price objective on Blue Bird in a research note on Monday, August 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 price objective on shares of Blue Bird in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $85.33.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $58.65 on Wednesday. The company has a market capitalization of $1.86 billion, a PE ratio of 7.14, a PEG ratio of 0.77 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. The stock’s 50 day moving average price is $73.11 and its 200-day moving average price is $66.14. Blue Bird Corporation has a twelve month low of $46.14 and a twelve month high of $83.39.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 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 business had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. On average, equities analysts anticipate 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.