Evolve Private Wealth LLC Purchases Shares of 10,234 Blue Bird Corporation $BLBD

Evolve Private Wealth LLC acquired a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 10,234 shares of the company’s stock, valued at approximately $808,000.

Other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC increased its position in 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 buying an additional 16,501 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake 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 valued at $1,012,000 after acquiring an additional 15,867 shares during the last quarter. UBS Group AG increased its position in Blue Bird by 161.7% during the 4th 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 in the last quarter. Vanguard Group Inc. raised its stake in Blue Bird by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock valued at $95,931,000 after purchasing an additional 135,562 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Blue Bird by 9.3% in the 4th quarter. Royce & Associates LP now owns 177,924 shares of the company’s stock valued at $8,362,000 after purchasing an additional 15,107 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BLBD. BTIG Research upped their target price on shares of Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Saturday. Roth Capital set a $93.00 target price on shares of Blue Bird in a research note on Monday, August 10th. Needham & Company LLC reiterated a “buy” rating and issued a $86.00 price target on shares of Blue Bird in a report on Thursday, August 6th. Finally, DA Davidson increased their price target on Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Blue Bird has an average rating of “Buy” and an average price target of $85.33.

Blue Bird Price Performance

BLBD opened at $61.89 on Monday. Blue Bird Corporation has a 12 month low of $46.14 and a 12 month high of $83.39. The business has a 50-day moving average of $73.68 and a two-hundred day moving average of $66.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36.

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. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. The business had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. On average, research analysts expect that Blue Bird Corporation will post 4.68 earnings per share for the current 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.