Ieq Capital LLC Invests $2.17 Million in Blue Bird Corporation $BLBD

Key Points

• Ieq Capital LLC acquired 27,422 shares of Blue Bird worth approximately $2.17 million, while institutional investors collectively own 93.59% of the company.
• Analysts remain broadly bullish: Blue Bird has a consensus “Buy” rating and an average price target of $85.33, with several firms recently raising their targets.
• Blue Bird exceeded quarterly expectations, reporting $1.28 in EPS and $517.16 million in revenue, above analyst estimates of $1.25 and $485.73 million, respectively.

Ieq Capital LLC acquired a new stake in Blue Bird Corporation (NASDAQ:BLBD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,422 shares of the company's stock, valued at approximately $2,165,000. Ieq Capital LLC owned approximately 0.09% of Blue Bird as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Kilter Group LLC acquired a new position in Blue Bird in the 2nd quarter valued at about $25,000. Rockefeller Capital Management L.P. boosted its stake 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 worth $36,000 after purchasing an additional 525 shares during the last quarter. Dunhill Financial LLC acquired a new stake in shares of Blue Bird during the 2nd quarter worth about $39,000. Transamerica Financial Advisors LLC grew its holdings in shares of Blue Bird by 222.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company's stock worth $39,000 after buying an additional 568 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Blue Bird by 10,028.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company's stock worth $41,000 after buying an additional 702 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BLBD shares. Barclays upped their price objective 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. Roth Capital set a $93.00 price target on Blue Bird in a research note on Monday, August 10th. DA Davidson raised their price objective on Blue Bird from $86.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. BTIG Research lifted their price objective on Blue Bird from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded Blue Bird from a "hold" rating to a "buy" rating in a research note on Saturday. One equities 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 company's stock. According to MarketBeat.com, Blue Bird has a consensus rating of "Buy" and an average price target of $85.33.

Blue Bird Price Performance

Blue Bird stock opened at $58.65 on Wednesday. Blue Bird Corporation has a 1 year low of $46.14 and a 1 year high of $83.39. 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 50 day moving average price of $73.11 and a 200 day moving average price of $66.14. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.77 and a beta of 1.36.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.03. The company had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. Sell-side analysts predict 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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