Royal Bank of Canada Sells 10,082 Shares of Blue Bird Corporation $BLBD

Royal Bank of Canada cut its holdings in shares of Blue Bird Corporation (NASDAQ:BLBD) by 29.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,742 shares of the company’s stock after selling 10,082 shares during the period. Royal Bank of Canada’s holdings in Blue Bird were worth $1,348,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Blue Bird by 4.5% in the 1st 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 during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Blue Bird by 30.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after acquiring an additional 681 shares during the last quarter. Jones Financial Companies Lllp boosted 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 valued at $112,000 after acquiring an additional 3,303 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Blue Bird by 12.5% in the second quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock worth $547,000 after acquiring an additional 1,412 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Blue Bird in the second quarter worth approximately $3,799,000. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Price Performance

NASDAQ BLBD opened at $61.33 on Friday. Blue Bird Corporation has a 52 week low of $46.14 and a 52 week high of $83.39. The firm has a market capitalization of $1.94 billion, a P/E ratio of 7.46, a PEG ratio of 0.81 and a beta of 1.36. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $73.87 and a 200-day moving average price of $65.96.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The company had revenue of $517.16 million for the quarter, compared to the consensus estimate of $485.73 million. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. Equities research analysts anticipate that Blue Bird Corporation will post 4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $86.00 target price on shares of Blue Bird in a research report on Thursday, August 6th. Barclays boosted their target price on shares of Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Freedom Capital raised Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Roth Capital set a $93.00 price target on Blue Bird in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Blue Bird currently has an average rating of “Buy” and an average price target of $85.33.

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.