Congress Asset Management Co. Has $6.28 Million Stake in Blue Bird Corporation $BLBD

Congress Asset Management Co. grew its stake in Blue Bird Corporation (NASDAQ:BLBD) by 75.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,034 shares of the company’s stock after purchasing an additional 46,856 shares during the period. Congress Asset Management Co. owned about 0.34% of Blue Bird worth $6,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. PFG Advisors lifted its stake in Blue Bird by 2.6% in the 2nd quarter. PFG Advisors now owns 9,789 shares of the company’s stock valued at $422,000 after purchasing an additional 246 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Blue Bird by 0.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,132 shares of the company’s stock worth $1,732,000 after buying an additional 282 shares in the last quarter. Redmond Asset Management LLC lifted its stake in shares of Blue Bird by 1.0% in the 2nd quarter. Redmond Asset Management LLC now owns 34,350 shares of the company’s stock valued at $1,483,000 after acquiring an additional 350 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Blue Bird by 5.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,995 shares of the company’s stock valued at $388,000 after acquiring an additional 457 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Blue Bird by 159.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock valued at $43,000 after acquiring an additional 611 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

Blue Bird Price Performance

BLBD stock opened at $51.76 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.74 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.45 and a beta of 1.42. The company’s fifty day simple moving average is $52.25 and its 200 day simple moving average is $51.02. Blue Bird Corporation has a 12-month low of $30.04 and a 12-month high of $61.95.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Monday, November 24th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.35. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.The firm had revenue of $409.37 million during the quarter, compared to analyst estimates of $380.37 million. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts expect that Blue Bird Corporation will post 3.86 earnings per share for the current year.

Wall Street Analyst Weigh In

BLBD has been the subject of a number of recent research reports. Zacks Research cut Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Blue Bird in a research note on Tuesday, November 25th. BTIG Research reiterated a “buy” rating and set a $65.00 target price on shares of Blue Bird in a research report on Tuesday, November 25th. UBS Group restated a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. Finally, DA Davidson raised their price target on shares of Blue Bird from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.60.

Insider Activity at Blue Bird

In related news, CFO Razvan Radulescu sold 7,984 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $50.39, for a total transaction of $402,313.76. Following the transaction, the chief financial officer owned 49,087 shares in the company, valued at $2,473,493.93. The trade was a 13.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phil Horlock sold 15,381 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $50.42, for a total transaction of $775,510.02. Following the transaction, the director directly owned 225,385 shares in the company, valued at approximately $11,363,911.70. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

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.