PEAK6 LLC bought a new position in shares of Blue Bird Corporation (NASDAQ:BLBD – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 49,315 shares of the company’s stock, valued at approximately $3,894,000. PEAK6 LLC owned approximately 0.16% of Blue Bird as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC increased its holdings in Blue Bird by 24.6% during the 4th quarter. HighTower Advisors LLC now owns 83,508 shares of the company’s stock worth $3,925,000 after purchasing an additional 16,501 shares during the period. Jefferies Financial Group Inc. grew its position in shares of Blue Bird by 279.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 21,540 shares of the company’s stock worth $1,012,000 after buying an additional 15,867 shares in the last quarter. UBS Group AG grew its position in shares of Blue Bird by 161.7% during the fourth quarter. UBS Group AG now owns 277,796 shares of the company’s stock worth $13,056,000 after buying an additional 171,642 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Blue Bird by 7.1% during the fourth 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, Royce & Associates LP raised its holdings in Blue Bird by 9.3% in the fourth quarter. Royce & Associates LP now owns 177,924 shares of the company’s stock valued at $8,362,000 after acquiring an additional 15,107 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.
Blue Bird Price Performance
BLBD stock opened at $61.89 on Monday. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. Blue Bird Corporation has a twelve month low of $46.14 and a twelve month high of $83.39. The company’s 50 day moving average is $73.68 and its two-hundred day moving average is $66.03. The stock has a market cap of $1.96 billion, a P/E ratio of 7.53, a PEG ratio of 0.80 and a beta of 1.36.
Wall Street Analysts Forecast Growth
Several research analysts have commented on BLBD shares. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research note on Saturday. Roth Capital set a $93.00 price target on Blue Bird in a research note on Monday, August 10th. Finally, DA Davidson lifted their price target on Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Blue Bird presently has a consensus rating of “Buy” and a consensus price target of $85.33.
Read Our Latest Research Report on Blue Bird
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.
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