Blue Bird Corporation $BLBD Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Blue Bird Corporation (NASDAQ:BLBD) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,358 shares of the company’s stock after purchasing an additional 8,858 shares during the period. Pacer Advisors Inc. owned 0.38% of Blue Bird worth $5,610,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC boosted its stake in 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 purchasing an additional 568 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 worth $41,000 after buying an additional 702 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Blue Bird in the fourth quarter valued at $41,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Blue Bird in the fourth quarter valued at $63,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Blue Bird by 1,742.3% in the third quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock valued at $75,000 after buying an additional 1,237 shares during the period. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DA Davidson set a $86.00 target price on Blue Bird in a report on Tuesday, June 9th. Freedom Capital downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Barclays raised their price objective on shares of Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Needham & Company LLC lifted their price objective on shares of Blue Bird from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Zacks Research downgraded shares of Blue Bird from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Blue Bird presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.80.

Blue Bird Stock Performance

Shares of NASDAQ BLBD opened at $75.91 on Tuesday. The stock’s fifty day simple moving average is $68.01 and its 200 day simple moving average is $58.65. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.04 and a beta of 1.37. The company has a quick ratio of 1.27, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. Blue Bird Corporation has a 52-week low of $41.76 and a 52-week high of $81.51.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, May 6th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The business had revenue of $352.63 million during the quarter, compared to the consensus estimate of $335.23 million. During the same period in the prior year, the business posted $0.96 earnings per share. Blue Bird’s revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Blue Bird Corporation will post 4.35 earnings per share for the current fiscal year.

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.