OP Asset Management Ltd Makes New $3.88 Million Investment in Blue Bird Corporation $BLBD

OP Asset Management Ltd acquired a new stake in Blue Bird Corporation (NASDAQ:BLBD) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 68,406 shares of the company’s stock, valued at approximately $3,885,000.

Other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC lifted its position in shares of Blue Bird by 6.9% during 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. Brooklyn Investment Group grew its holdings in Blue Bird by 8.7% during the 4th quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock valued at $261,000 after purchasing an additional 417 shares in the last quarter. R Squared Ltd increased its stake in Blue Bird by 11.0% during the 4th quarter. R Squared Ltd now owns 4,464 shares of the company’s stock worth $210,000 after buying an additional 443 shares during the period. Rockefeller Capital Management L.P. increased its stake in Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after buying an additional 525 shares during the period. Finally, Transamerica Financial Advisors LLC increased its stake in Blue Bird by 222.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after buying an additional 568 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLBD. Needham & Company LLC upped their price objective on shares of Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. BTIG Research lifted their target price on Blue Bird from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research cut Blue Bird from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Roth Mkm assumed coverage on Blue Bird in a report on Thursday. They issued a “buy” rating and a $94.00 price target for the company. Finally, Freedom Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Blue Bird Stock Down 0.4%

Shares of NASDAQ:BLBD opened at $78.81 on Friday. The firm has a market cap of $2.49 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. The company has a fifty day simple moving average of $69.06 and a 200 day simple moving average of $59.32. The company has a current ratio of 1.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Blue Bird Corporation has a 12-month low of $42.00 and a 12-month high of $81.51.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $352.63 million for the quarter, compared to the consensus estimate of $335.23 million. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. On average, equities research analysts anticipate that Blue Bird Corporation will post 4.35 EPS for the current fiscal 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.