BlackRock Inc. purchased 2,627,824 shares of Blue Bird Corporation.
The investment is valued at approximately $207.49 million.
This acquisition gives BlackRock an 8.30% stake in the electric and low-emission school bus manufacturer.
A recent SEC Form 13F filing disclosed the transaction.
Blue Bird reported significant growth in net sales and income during the third quarter.
The company also raised its full-year 2026 financial guidance.
Other institutional investors have recently increased their holdings in the company.