Deutsche Bank AG Purchases New Stake in Blue Bird Corporation $BLBD

Key Points

• Deutsche Bank acquired 139,285 Blue Bird shares during the second quarter, worth approximately $11 million and representing about 0.44% of the company. Institutional investors collectively own 93.59% of BLBD.
• Analysts remain broadly bullish: Blue Bird has an average “Buy” rating and a consensus price target of $85.33, with several firms recently raising their targets.
• Blue Bird exceeded quarterly expectations, reporting $1.28 in earnings per share and $517.16 million in revenue, compared with estimates of $1.25 EPS and $485.73 million in revenue.

Deutsche Bank AG acquired a new position in shares of Blue Bird Corporation (NASDAQ:BLBD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 139,285 shares of the company's stock, valued at approximately $10,998,000. Deutsche Bank AG owned about 0.44% of Blue Bird at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Blue Bird by 85.5% during the second quarter. GAMMA Investing LLC now owns 629 shares of the company's stock worth $50,000 after purchasing an additional 290 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 buying an additional 702 shares during the period. Persistent Asset Partners Ltd acquired a new position in shares of Blue Bird in the 2nd quarter valued at about $57,000. Rockefeller Capital Management L.P. grew its position in shares of Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company's stock valued at $36,000 after buying an additional 525 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in shares of Blue Bird by 222.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company's stock valued at $39,000 after buying an additional 568 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BLBD shares. BTIG Research increased their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Roth Capital set a $93.00 target price on Blue Bird in a research note on Monday, August 10th. Barclays upped their target price on Blue Bird from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, July 20th. DA Davidson increased their price target on Blue Bird from $86.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Blue Bird from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Blue Bird has an average rating of "Buy" and a consensus target price of $85.33.

Blue Bird Stock Performance

Shares of BLBD opened at $61.89 on Monday. 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 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64. The firm has a fifty day moving average of $73.68 and a 200-day moving average of $66.03.

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

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.

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