Evolve Private Wealth LLC Takes $808,000 Position in Blue Bird Corporation $BLBD

Evolve Private Wealth LLC purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,234 shares of the company’s stock, valued at approximately $808,000.

Several other institutional investors have also recently added to or reduced their stakes in BLBD. HighTower Advisors LLC grew its position in Blue Bird by 24.6% in the 4th quarter. HighTower Advisors LLC now owns 83,508 shares of the company’s stock valued at $3,925,000 after buying an additional 16,501 shares during the last quarter. Jefferies Financial Group Inc. raised its position in Blue Bird by 279.7% during the 4th quarter. Jefferies Financial Group Inc. now owns 21,540 shares of the company’s stock worth $1,012,000 after buying an additional 15,867 shares during the last quarter. UBS Group AG raised 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 buying an additional 171,642 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Blue Bird by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock worth $95,931,000 after acquiring an additional 135,562 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Blue Bird by 9.3% in the fourth quarter. Royce & Associates LP now owns 177,924 shares of the company’s stock valued at $8,362,000 after acquiring an additional 15,107 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Price Performance

Shares of NASDAQ:BLBD opened at $61.89 on Monday. The firm 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. 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 business’s 50 day simple moving average is $73.68 and its 200-day simple moving average is $66.03. Blue Bird Corporation has a 12 month low of $46.14 and a 12 month high of $83.39.

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

Analyst Ratings Changes

Several research firms recently issued reports on BLBD. Barclays increased their price target 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Blue Bird in a report on Thursday, August 6th. Roth Capital set a $93.00 target price on Blue Bird in a research report on Monday, August 10th. BTIG Research increased their target price on Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised Blue Bird from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Blue Bird currently has a consensus rating of “Buy” and a consensus price target of $85.33.

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.