UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Blue Bird Corporation (NASDAQ:BLBD – Free Report) by 28.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,420 shares of the company’s stock after selling 21,649 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Blue Bird worth $4,297,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. HighTower Advisors LLC increased its stake in Blue Bird by 24.6% in the fourth quarter. HighTower Advisors LLC now owns 83,508 shares of the company’s stock valued at $3,925,000 after purchasing an additional 16,501 shares in the last quarter. BlackRock Inc. bought a new position in shares of Blue Bird during the 2nd quarter worth about $207,493,000. Jefferies Financial Group Inc. grew its stake in shares of Blue Bird by 279.7% in the 4th quarter. Jefferies Financial Group Inc. now owns 21,540 shares of the company’s stock valued at $1,012,000 after buying an additional 15,867 shares during the period. UBS Group AG increased its position in Blue Bird by 161.7% in the 4th quarter. UBS Group AG now owns 277,796 shares of the company’s stock valued at $13,056,000 after buying an additional 171,642 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Blue Bird in the 2nd quarter valued at about $10,998,000. Institutional investors and hedge funds own 93.59% of the company’s stock.
Wall Street Analysts Forecast Growth
BLBD has been the topic of several recent research reports. Wall Street Zen lowered Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. BTIG Research boosted their price objective on Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Freedom Capital raised Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Barclays increased their target price on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $86.00 price target on shares of Blue Bird in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $85.33.
Blue Bird Stock Performance
NASDAQ BLBD opened at $62.59 on Thursday. The company has a fifty day moving average price of $69.87 and a 200-day moving average price of $66.41. 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 company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year high of $83.39.
Blue Bird (NASDAQ:BLBD – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. The company had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. As a group, equities research analysts predict that Blue Bird Corporation will post 4.68 EPS for the current fiscal year.
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.
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