Wellington Management Group LLP Sells 22,979 Shares of Blue Bird Corporation $BLBD

Wellington Management Group LLP decreased its position in shares of Blue Bird Corporation (NASDAQ:BLBD) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 995,188 shares of the company’s stock after selling 22,979 shares during the period. Wellington Management Group LLP owned about 3.14% of Blue Bird worth $78,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Blue Bird by 85.5% in the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after acquiring an additional 290 shares in the last quarter. Kilter Group LLC acquired a new stake in Blue Bird during the 2nd quarter valued at $25,000. Quantinno Capital Management LP raised its position in Blue Bird by 7.0% in the 1st quarter. Quantinno Capital Management LP now owns 4,950 shares of the company’s stock valued at $281,000 after purchasing an additional 324 shares during the last quarter. ProShare Advisors LLC boosted its stake in Blue Bird by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock worth $272,000 after purchasing an additional 372 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Blue Bird by 8.7% during the fourth quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock worth $261,000 after purchasing an additional 417 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Roth Capital set a $93.00 price target on Blue Bird in a report on Monday, August 10th. Barclays raised their price objective on shares of Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. DA Davidson raised their price target on shares of Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Blue Bird has an average rating of “Buy” and an average target price of $85.33.

Blue Bird Price Performance

Shares of BLBD stock opened at $61.71 on Thursday. The stock has a 50-day moving average price of $71.38 and a 200 day moving average price of $66.27. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.79 and a beta of 1.36. Blue Bird Corporation has a 12 month low of $46.14 and a 12 month high of $83.39.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. The firm had revenue of $517.16 million during the quarter, compared to analysts’ expectations of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. Research analysts expect that Blue Bird Corporation will post 4.68 EPS for the current year.

Blue Bird 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.