Gamco Investors INC. ET AL Sells 15,285 Shares of Blue Bird Corporation $BLBD

Gamco Investors INC. ET AL lowered its position in Blue Bird Corporation (NASDAQ:BLBD - Free Report) by 21.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,615 shares of the company's stock after selling 15,285 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.18% of Blue Bird worth $3,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLBD. Sei Investments Co. increased its stake in shares of Blue Bird by 17.5% during the 1st quarter. Sei Investments Co. now owns 206,016 shares of the company's stock worth $11,700,000 after purchasing an additional 30,704 shares during the last quarter. State of Wyoming lifted its stake in Blue Bird by 100.1% in the 1st quarter. State of Wyoming now owns 10,113 shares of the company's stock valued at $574,000 after purchasing an additional 5,060 shares during the last quarter. Cetera Investment Advisers lifted its stake in Blue Bird by 98.3% in the 1st quarter. Cetera Investment Advisers now owns 8,666 shares of the company's stock valued at $492,000 after purchasing an additional 4,295 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Blue Bird by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 15,372 shares of the company's stock worth $873,000 after purchasing an additional 3,392 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Blue Bird by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 688,931 shares of the company's stock worth $39,118,000 after purchasing an additional 48,174 shares during the period. Institutional investors own 93.59% of the company's stock.

Blue Bird Stock Down 0.2%

Blue Bird stock opened at $76.04 on Tuesday. The company's 50-day moving average price is $74.05 and its two-hundred day moving average price is $63.51. The company has a quick ratio of 1.27, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.41 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.03 and a beta of 1.35. Blue Bird Corporation has a twelve month low of $42.95 and a twelve month high of $83.39.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.12. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The company had revenue of $352.63 million during the quarter, compared to analysts' expectations of $335.23 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business's revenue was down 1.7% on a year-over-year basis. As a group, analysts expect that Blue Bird Corporation will post 4.5 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BLBD shares. BTIG Research upped their price objective on Blue Bird from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. DA Davidson set a $86.00 target price on Blue Bird in a research note on Tuesday, June 9th. Needham & Company LLC boosted their target price on Blue Bird from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Zacks Research upgraded Blue Bird from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Finally, Barclays raised their price target on Blue Bird from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.17.

Blue Bird 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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