Algert Global LLC Makes New Investment in Blue Bird Corporation $BLBD

Algert Global LLC purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 245,595 shares of the company’s stock, valued at approximately $14,134,000. Algert Global LLC owned 0.77% of Blue Bird as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Creative Planning bought a new position in Blue Bird during the third quarter worth $224,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Blue Bird by 31.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 30,977 shares of the company’s stock valued at $1,783,000 after purchasing an additional 7,400 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Blue Bird by 50.1% in the third quarter. Lazard Asset Management LLC now owns 43,946 shares of the company’s stock valued at $2,529,000 after purchasing an additional 14,667 shares during the period. Man Group plc lifted its stake in shares of Blue Bird by 35.8% during the 3rd quarter. Man Group plc now owns 168,376 shares of the company’s stock worth $9,690,000 after buying an additional 44,387 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of Blue Bird by 697.2% during the 3rd quarter. Brooklyn Investment Group now owns 4,791 shares of the company’s stock worth $276,000 after buying an additional 4,190 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BTIG Research reissued a “buy” rating and set a $65.00 price target on shares of Blue Bird in a report on Thursday, February 5th. DA Davidson increased their price objective on Blue Bird from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Bank of America lifted their target price on Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Barclays boosted their target price on shares of Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Zacks Research lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.20.

Blue Bird Price Performance

Shares of NASDAQ:BLBD opened at $53.38 on Friday. The firm has a 50 day moving average of $53.76 and a 200-day moving average of $53.79. Blue Bird Corporation has a 12 month low of $30.04 and a 12 month high of $62.90. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.69 billion, a PE ratio of 13.48, a PEG ratio of 1.98 and a beta of 1.40.

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

Insiders Place Their Bets

In other Blue Bird news, COO Jeffrey Scott Sanfrey sold 5,192 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total value of $303,939.68. Following the sale, the chief operating officer owned 39,011 shares of the company’s stock, valued at approximately $2,283,703.94. This trade represents a 11.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Razvan Radulescu sold 3,925 shares of Blue Bird stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $60.98, for a total value of $239,346.50. Following the completion of the transaction, the chief financial officer owned 42,255 shares in the company, valued at approximately $2,576,709.90. The trade was a 8.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company 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.