De Lisle Partners LLP Makes New Investment in Blue Bird Corporation $BLBD

Key Points

• De Lisle Partners LLP acquired 92,417 Blue Bird shares worth approximately $7.3 million, giving it a 0.29% stake. Institutional investors and hedge funds collectively own 93.59% of the company.
• Blue Bird exceeded quarterly expectations, reporting $1.28 EPS versus the $1.25 consensus and revenue of $517.16 million against estimates of $485.73 million.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $85.33, compared with the stock’s reported price of $61.89.

De Lisle Partners LLP purchased a new position in shares of Blue Bird Corporation (NASDAQ:BLBD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 92,417 shares of the company's stock, valued at approximately $7,296,000. De Lisle Partners LLP owned 0.29% of Blue Bird as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Kilter Group LLC acquired a new position in Blue Bird during the 2nd quarter worth about $25,000. Dunhill Financial LLC purchased a new position in Blue Bird during the 2nd quarter valued at about $39,000. GAMMA Investing LLC grew its position in Blue Bird by 85.5% in the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company's stock valued at $50,000 after acquiring an additional 290 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Blue Bird by 10,028.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company's stock valued at $41,000 after acquiring an additional 702 shares in the last quarter. Finally, Persistent Asset Partners Ltd purchased a new stake in Blue Bird during the second quarter worth about $57,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $61.89 on Friday. The stock's 50-day moving average is $73.68 and its two-hundred day moving average is $65.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. Blue Bird Corporation has a 1-year low of $46.14 and a 1-year high of $83.39. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.36.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%.The business had revenue of $517.16 million during the quarter, compared to analysts' expectations of $485.73 million. Analysts forecast that Blue Bird Corporation will post 4.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays increased their price target on shares of Blue Bird from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $86.00 target price on shares of Blue Bird in a research note on Thursday, August 6th. Zacks Research raised shares of Blue Bird from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. BTIG Research increased their target price on shares of Blue Bird from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Roth Capital set a $93.00 price target on shares of Blue Bird in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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.

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