Asset Management One Co. Ltd. Has $3.84 Million Stock Holdings in Blue Bird Corporation $BLBD

Asset Management One Co. Ltd. decreased its holdings in Blue Bird Corporation (NASDAQ:BLBD) by 10.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 76,733 shares of the company’s stock after selling 8,553 shares during the period. Asset Management One Co. Ltd. owned approximately 0.24% of Blue Bird worth $3,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BLBD. Tudor Investment Corp ET AL bought a new stake in Blue Bird during the 3rd quarter worth $10,932,000. JPMorgan Chase & Co. grew its position in Blue Bird by 185.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock worth $53,283,000 after acquiring an additional 601,690 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Blue Bird during the 3rd quarter worth $6,359,000. Allspring Global Investments Holdings LLC grew its position in Blue Bird by 12.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 409,872 shares of the company’s stock worth $19,166,000 after acquiring an additional 46,801 shares during the last quarter. Finally, Royce & Associates LP grew its position in Blue Bird by 19.4% during the 3rd quarter. Royce & Associates LP now owns 162,817 shares of the company’s stock worth $9,370,000 after acquiring an additional 26,454 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Performance

Shares of Blue Bird stock opened at $63.55 on Friday. Blue Bird Corporation has a one year low of $34.19 and a one year high of $65.47. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.32 and a beta of 1.40. The business has a 50-day simple moving average of $58.36 and a 200 day simple moving average of $54.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.81 and a quick ratio of 1.21.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. The business had revenue of $333.08 million during the quarter, compared to analyst estimates of $325.74 million. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. On average, research analysts anticipate that Blue Bird Corporation will post 4.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 3,925 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $60.98, for a total transaction of $239,346.50. Following the sale, the chief financial officer owned 42,255 shares in the company, valued at $2,576,709.90. This represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey Scott Sanfrey sold 5,192 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total value of $303,939.68. Following the sale, the chief operating officer owned 39,011 shares in the company, valued at approximately $2,283,703.94. This represents a 11.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BLBD shares. Wall Street Zen lowered Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Needham & Company LLC lifted their target price on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Barclays lifted their target price on Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. BTIG Research reaffirmed a “buy” rating and set a $65.00 target price on shares of Blue Bird in a report on Thursday, February 5th. Finally, Zacks Research downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.20.

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.