Janus Henderson Group PLC grew its holdings in Blue Bird Corporation (NASDAQ:BLBD – Free Report) by 41.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,102,335 shares of the company’s stock after buying an additional 324,710 shares during the quarter. Janus Henderson Group PLC’s holdings in Blue Bird were worth $62,669,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. HighTower Advisors LLC raised its position in shares of Blue Bird by 24.6% during the fourth quarter. HighTower Advisors LLC now owns 83,508 shares of the company’s stock worth $3,925,000 after acquiring an additional 16,501 shares during the last quarter. Jefferies Financial Group Inc. raised its position 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 acquiring an additional 15,867 shares during the period. UBS Group AG raised its holdings in Blue Bird by 161.7% in the fourth quarter. UBS Group AG now owns 277,796 shares of the company’s stock worth $13,056,000 after purchasing an additional 171,642 shares during the period. Vanguard Group Inc. raised its stake in Blue Bird by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock worth $95,931,000 after buying an additional 135,562 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Blue Bird by 23.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 506,665 shares of the company’s stock worth $29,767,000 after purchasing an additional 96,793 shares during the period. Institutional investors own 93.59% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. BTIG Research boosted their price objective on shares of Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Roth Capital initiated coverage on shares of Blue Bird in a research report on Thursday, June 25th. They issued a “buy” rating and a $94.00 price objective for the company. DA Davidson set a $86.00 target price on Blue Bird in a report on Tuesday, June 9th. Wall Street Zen cut shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Zacks Research raised Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.17.
Blue Bird Price Performance
Shares of BLBD stock opened at $74.39 on Friday. The business has a fifty day simple moving average of $74.73 and a 200 day simple moving average of $64.12. The company has a market cap of $2.35 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.01 and a beta of 1.35. Blue Bird Corporation has a twelve month low of $42.95 and a twelve month high of $83.39. The company has a quick ratio of 1.27, a current ratio of 1.83 and a debt-to-equity ratio of 0.28.
Blue Bird (NASDAQ:BLBD – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The firm had revenue of $352.63 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, sell-side analysts forecast that Blue Bird Corporation will post 4.5 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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