Blue Bird Co. (NASDAQ:BLBD) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its position in Blue Bird Co. (NASDAQ:BLBDGet Rating) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,960 shares of the company’s stock after purchasing an additional 82,658 shares during the period. Epoch Investment Partners Inc. owned about 1.68% of Blue Bird worth $8,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLBD. Wellington Management Group LLP boosted its position in Blue Bird by 80.4% during the third quarter. Wellington Management Group LLP now owns 1,541,812 shares of the company’s stock worth $32,163,000 after purchasing an additional 687,117 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Blue Bird by 14.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 844,269 shares of the company’s stock worth $17,611,000 after buying an additional 107,953 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Blue Bird by 4.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 793,318 shares of the company’s stock worth $12,162,000 after buying an additional 37,000 shares during the period. North Star Investment Management Corp. raised its stake in shares of Blue Bird by 108.2% during the 4th quarter. North Star Investment Management Corp. now owns 321,222 shares of the company’s stock worth $5,024,000 after buying an additional 166,951 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Blue Bird by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 279,105 shares of the company’s stock worth $5,822,000 after buying an additional 6,991 shares during the period. 87.73% of the stock is currently owned by hedge funds and other institutional investors.

BLBD has been the subject of several research analyst reports. Roth Capital upgraded shares of Blue Bird from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $29.00 in a research report on Tuesday, February 15th. Zacks Investment Research downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Finally, StockNews.com initiated coverage on Blue Bird in a research note on Thursday, March 31st. They issued a “sell” rating for the company.

BLBD stock opened at $12.23 on Friday. Blue Bird Co. has a 12 month low of $11.43 and a 12 month high of $28.12. The company has a current ratio of 1.15, a quick ratio of 0.23 and a debt-to-equity ratio of 5.20. The company has a market cap of $391.24 million, a price-to-earnings ratio of -26.59 and a beta of 0.98. The firm has a 50-day moving average of $17.47 and a two-hundred day moving average of $18.15.

Blue Bird (NASDAQ:BLBDGet Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.21). Blue Bird had a negative return on equity of 6.12% and a negative net margin of 1.97%. During the same quarter last year, the company posted $0.03 EPS. As a group, equities analysts forecast that Blue Bird Co. will post 0.08 earnings per share for the current year.

In related news, General Counsel Paul Yousif sold 1,525 shares of Blue Bird stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $21.25, for a total value of $32,406.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 17.20% of the stock is currently owned by company insiders.

About Blue Bird (Get Rating)

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses.

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Institutional Ownership by Quarter for Blue Bird (NASDAQ:BLBD)

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