189,964 Shares in Blue Bird Corporation $BLBD Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 189,964 shares of the company’s stock, valued at approximately $10,932,000. Tudor Investment Corp ET AL owned approximately 0.60% of Blue Bird at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. purchased a new stake in Blue Bird during the third quarter valued at $38,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 702 shares during the period. Larson Financial Group LLC increased its position in shares of Blue Bird by 1,742.3% during the 3rd 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 during the last quarter. LSV Asset Management purchased a new stake in Blue Bird during the 3rd quarter valued at $98,000. Finally, Jones Financial Companies Lllp lifted its position in Blue Bird by 184.0% in the third quarter. Jones Financial Companies Lllp now owns 1,903 shares of the company’s stock worth $110,000 after buying an additional 1,233 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLBD has been the topic of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a research report on Thursday, February 5th. Needham & Company LLC lifted their price target on shares of Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Bank of America upped their price target on shares of Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, DA Davidson increased their price target on Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.20.

Insiders Place Their Bets

In other Blue Bird news, CFO Razvan Radulescu sold 3,925 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $60.98, for a total transaction of $239,346.50. Following the completion of the transaction, the chief financial officer directly owned 42,255 shares of the company’s stock, valued at approximately $2,576,709.90. This trade represents a 8.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey Scott Sanfrey sold 5,192 shares of Blue Bird stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $58.54, for a total transaction of $303,939.68. Following the sale, the chief operating officer owned 39,011 shares of the company’s stock, valued at approximately $2,283,703.94. The trade was a 11.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Blue Bird Price Performance

Blue Bird stock opened at $53.43 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.81 and a quick ratio of 1.21. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.99 and a beta of 1.40. The firm has a 50-day moving average of $54.41 and a two-hundred day moving average of $53.61. Blue Bird Corporation has a 1 year low of $30.04 and a 1 year high of $62.90.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The business had revenue of $333.08 million for the quarter, compared to analyst estimates of $325.74 million. During the same period last year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts forecast that Blue Bird Corporation will post 3.86 earnings per share for the current 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.