15,470 Shares in Blue Bird Corporation $BLBD Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new stake in shares of Blue Bird Corporation (NASDAQ:BLBD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,470 shares of the company’s stock, valued at approximately $1,222,000.

Several other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC purchased a new position in shares of Blue Bird in the second quarter valued at about $39,000. GAMMA Investing LLC raised its stake in shares of Blue Bird by 85.5% during the second quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock valued at $50,000 after acquiring an additional 290 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Blue Bird by 10,028.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 702 shares during the period. Persistent Asset Partners Ltd purchased a new stake in shares of Blue Bird during the second quarter worth about $57,000. Finally, Rockefeller Capital Management L.P. grew its stake 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 worth $36,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $61.46 on Wednesday. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year high of $83.39. 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 company’s 50-day moving average is $74.20 and its 200 day moving average is $65.79. The stock has a market capitalization of $1.95 billion, a P/E ratio of 7.48, a P/E/G ratio of 0.84 and a beta of 1.36.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BLBD shares. Needham & Company LLC restated a “buy” rating and set a $86.00 price target on shares of Blue Bird in a report on Thursday, August 6th. Zacks Research upgraded Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. BTIG Research lifted their price objective on Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Roth Capital set a $93.00 target price on Blue Bird in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. One equities 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price 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.