79,357 Shares in Blue Bird Corporation $BLBD Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Blue Bird Corporation (NASDAQ:BLBD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 79,357 shares of the company’s stock, valued at approximately $6,212,000.

A number of other large investors have also recently bought and sold shares of BLBD. EFG International AG acquired a new position in Blue Bird during the second quarter worth $6,173,000. PDT Partners LLC bought a new position in shares of Blue Bird during the second quarter valued at $1,337,000. Canada Pension Plan Investment Board acquired a new stake in shares of Blue Bird in the 2nd quarter valued at $450,000. Legal & General Group Plc acquired a new stake in shares of Blue Bird in the 2nd quarter valued at $2,077,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Blue Bird in the 2nd quarter worth about $1,193,000. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Price Performance

Blue Bird stock opened at $59.23 on Friday. The business’s fifty day moving average is $72.27 and its two-hundred day moving average is $66.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64. The firm has a market cap of $1.88 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.78 and a beta of 1.36. Blue Bird Corporation has a 52 week low of $46.14 and a 52 week high of $83.39.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The company had revenue of $517.16 million during the quarter, compared to analyst estimates of $485.73 million. Equities research analysts forecast that Blue Bird Corporation will post 4.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. DA Davidson increased their target price on shares of Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Roth Capital set a $93.00 price objective on shares of Blue Bird in a research note on Monday, August 10th. Barclays raised their price objective on shares of Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, BTIG Research lifted their target price on shares of Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $85.33.

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.