80,463 Shares in Blue Bird Corporation $BLBD Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 80,463 shares of the company’s stock, valued at approximately $4,504,000.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BLBD shares. Barclays lifted their price target on shares of Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday. BTIG Research increased their price objective on shares of Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Roth Capital assumed coverage on shares of Blue Bird in a report on Thursday, June 25th. They set a “buy” rating and a $94.00 price objective for the company. DA Davidson set a $86.00 target price on shares of Blue Bird in a research report on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a research report on Saturday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.17.

Blue Bird Stock Down 1.7%

Shares of NASDAQ:BLBD opened at $76.20 on Friday. 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 firm has a market cap of $2.41 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.05 and a beta of 1.35. Blue Bird Corporation has a 12 month low of $42.95 and a 12 month high of $83.39. The company’s 50-day moving average price is $73.98 and its two-hundred day moving average price is $63.20.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, May 6th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The company had revenue of $352.63 million during the quarter, compared to analysts’ expectations of $335.23 million. During the same period last year, the firm earned $0.96 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts forecast that Blue Bird Corporation will post 4.5 EPS for the current fiscal year.

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.