HighTower Advisors LLC Has $12.08 Million Stake in Blue Bird Corporation $BLBD

HighTower Advisors LLC lifted its stake in Blue Bird Corporation (NASDAQ:BLBD) by 66.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,967 shares of the company’s stock after buying an additional 61,114 shares during the period. HighTower Advisors LLC’s holdings in Blue Bird were worth $12,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BLBD. Kilter Group LLC bought a new position in Blue Bird during the 2nd quarter worth $25,000. Nykredit A S bought a new stake in shares of Blue Bird during the 2nd quarter valued at $36,000. Dunhill Financial LLC acquired a new stake in shares of Blue Bird during the 2nd quarter worth $39,000. GAMMA Investing LLC grew its holdings in shares of Blue Bird by 85.5% during the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 702 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Trading Down 2.1%

Shares of BLBD opened at $62.59 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64. Blue Bird Corporation has a 52-week low of $46.14 and a 52-week high of $83.39. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.83 and a beta of 1.36. The business’s fifty day moving average is $69.87 and its 200-day moving average is $66.41.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. The business had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. Equities analysts anticipate that Blue Bird Corporation will post 4.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BLBD. Roth Capital set a $93.00 price target on Blue Bird in a research note on Monday, August 10th. BTIG Research increased their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Freedom Capital raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Barclays boosted their target price on shares of Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 price target on shares of Blue Bird in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $85.33.

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.