Pacer Advisors Inc. Has $5.61 Million Stake in Blue Bird Corporation $BLBD

Pacer Advisors Inc. boosted its position in shares of Blue Bird Corporation (NASDAQ:BLBD) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 119,358 shares of the company’s stock after buying an additional 8,858 shares during the quarter. Pacer Advisors Inc.’s holdings in Blue Bird were worth $5,610,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC lifted its holdings in shares of Blue Bird by 222.7% in the fourth 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 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 valued at $41,000 after buying an additional 702 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Blue Bird during the fourth quarter valued at $41,000. Mcguire Capital Advisors Inc. acquired a new position in Blue Bird during the fourth quarter valued at $63,000. Finally, Larson Financial Group LLC raised its position in Blue Bird by 1,742.3% during 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLBD has been the subject of several research analyst reports. Freedom Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. DA Davidson set a $86.00 target price on Blue Bird in a report on Tuesday, June 9th. Needham & Company LLC increased their price target on shares of Blue Bird from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays increased their price target on shares of Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, BTIG Research boosted their price objective on shares of Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.80.

Blue Bird Price Performance

Shares of NASDAQ:BLBD opened at $75.91 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Blue Bird Corporation has a 1 year low of $41.76 and a 1 year high of $81.51. The business has a fifty day simple moving average of $68.01 and a 200 day simple moving average of $58.65. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.04 and a beta of 1.37.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $352.63 million during the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts predict 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.