Blue Bird Corporation $BLBD Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC cut its holdings in Blue Bird Corporation (NASDAQ:BLBD) by 78.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,616 shares of the company’s stock after selling 38,761 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Blue Bird were worth $611,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BLBD. ZWJ Investment Counsel Inc. acquired a new stake in Blue Bird during the second quarter valued at approximately $259,000. Neumeier Poma Investment Counsel LLC grew its position in Blue Bird by 3.9% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 447,430 shares of the company’s stock worth $19,311,000 after buying an additional 16,765 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of Blue Bird in the second quarter valued at $2,684,000. JPMorgan Chase & Co. lifted its position in shares of Blue Bird by 50.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 324,162 shares of the company’s stock valued at $13,991,000 after acquiring an additional 108,168 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Blue Bird during the 2nd quarter valued at $376,000. Institutional investors own 93.59% of the company’s stock.

Blue Bird Trading Down 0.1%

Shares of NASDAQ BLBD opened at $49.04 on Thursday. Blue Bird Corporation has a one year low of $30.04 and a one year high of $61.95. The firm has a market capitalization of $1.55 billion, a PE ratio of 12.64, a PEG ratio of 2.33 and a beta of 1.43. The company has a current ratio of 1.74, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $50.32 and a two-hundred day moving average price of $52.01.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Monday, November 24th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.35. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.The company had revenue of $409.37 million for the quarter, compared to the consensus estimate of $380.37 million. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, analysts predict that Blue Bird Corporation will post 3.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLBD has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. DA Davidson lifted their price target on Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Bank of America boosted their price objective on Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. BTIG Research reiterated a “buy” rating and issued a $65.00 target price on shares of Blue Bird in a report on Tuesday, November 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Blue Bird in a research report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.60.

Insiders Place Their Bets

In related news, 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 completion of the sale, the director directly owned 225,385 shares in the company, valued at approximately $11,363,911.70. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Razvan Radulescu sold 7,984 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $50.39, for a total value of $402,313.76. Following the completion of the transaction, the chief financial officer owned 49,087 shares in the company, valued at $2,473,493.93. This trade represents a 13.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

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.