Citigroup Inc. Decreases Stock Position in Blue Bird Corporation $BLBD

Citigroup Inc. lessened its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 63.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,391 shares of the company’s stock after selling 161,271 shares during the period. Citigroup Inc. owned 0.29% of Blue Bird worth $5,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in BLBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Blue Bird by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after buying an additional 820 shares in the last quarter. NewEdge Advisors LLC increased its stake in Blue Bird by 30.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock worth $93,000 after acquiring an additional 681 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Blue Bird by 2,090.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock worth $112,000 after acquiring an additional 3,303 shares in the last quarter. Nisa Investment Advisors LLC boosted its position 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 during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Blue Bird by 19.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 107,722 shares of the company’s stock valued at $4,649,000 after acquiring an additional 17,266 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Blue Bird Stock Performance

Blue Bird stock opened at $57.53 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.81 and a quick ratio of 1.21. The firm has a market capitalization of $1.82 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 2.31 and a beta of 1.40. Blue Bird Corporation has a 1-year low of $30.04 and a 1-year high of $62.90. The company’s 50-day moving average is $52.87 and its 200 day moving average is $53.86.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The firm had revenue of $333.08 million for the quarter, compared to analysts’ expectations of $325.74 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Blue Bird Corporation will post 3.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Bank of America upped their target price on shares of Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Needham & Company LLC lifted their price target on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. BTIG Research restated a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a research report on Thursday, February 5th. Finally, DA Davidson raised their price objective on Blue Bird from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $67.20.

Insider Buying and Selling at Blue Bird

In related news, Director Phil Horlock sold 15,381 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $50.42, for a total value of $775,510.02. Following the transaction, the director owned 225,385 shares of the company’s stock, valued at $11,363,911.70. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Razvan Radulescu sold 3,925 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $60.98, for a total transaction of $239,346.50. Following the completion of the sale, the chief financial officer directly owned 42,255 shares of the company’s stock, valued at approximately $2,576,709.90. This trade represents a 8.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 27,290 shares of company stock valued at $1,417,170. Corporate insiders own 1.10% of the company’s stock.

About Blue Bird

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.