Gamco Investors INC. ET AL Has $3.27 Million Holdings in Blue Bird Corporation $BLBD

Gamco Investors INC. ET AL trimmed its holdings in shares of Blue Bird Corporation (NASDAQ:BLBD) by 21.0% during the first quarter, Holdings Channel.com reports. The fund owned 57,615 shares of the company’s stock after selling 15,285 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Blue Bird were worth $3,272,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in Blue Bird by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock valued at $272,000 after purchasing an additional 372 shares during the period. Brooklyn Investment Group increased 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 period. R Squared Ltd raised its position in shares of Blue Bird by 11.0% in the fourth quarter. R Squared Ltd now owns 4,464 shares of the company’s stock valued at $210,000 after buying an additional 443 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Blue Bird by 210.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after buying an additional 525 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Blue Bird by 222.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after buying an additional 568 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded Blue Bird from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson set a $86.00 price target on Blue Bird in a research report on Tuesday, June 9th. Zacks Research raised Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. BTIG Research upped their price objective on shares of Blue Bird from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Roth Capital assumed coverage on shares of Blue Bird in a research note on Thursday, June 25th. They set a “buy” rating and a $94.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.17.

Blue Bird Stock Down 0.2%

Shares of BLBD opened at $76.04 on Tuesday. Blue Bird Corporation has a one year low of $42.95 and a one year high of $83.39. The company has a market cap of $2.41 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $74.05 and a two-hundred day simple moving average of $63.51.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $352.63 million during the quarter, compared to analysts’ expectations of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. Research analysts forecast that Blue Bird Corporation will post 4.5 EPS for the current fiscal 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.