Neumeier Poma Investment Counsel LLC decreased its stake in Blue Bird Corporation (NASDAQ:BLBD – Free Report) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 476,190 shares of the company’s stock after selling 7,120 shares during the period. Blue Bird makes up 1.8% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 28th largest position. Neumeier Poma Investment Counsel LLC’s holdings in Blue Bird were worth $22,381,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Blue Bird by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock worth $95,931,000 after acquiring an additional 135,562 shares during the period. JPMorgan Chase & Co. raised its position in Blue Bird by 185.6% in the third 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 period. Geode Capital Management LLC raised its position in Blue Bird by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 769,204 shares of the company’s stock worth $36,159,000 after acquiring an additional 3,120 shares during the period. Goldman Sachs Group Inc. raised its position in Blue Bird by 197.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 712,707 shares of the company’s stock worth $33,497,000 after acquiring an additional 472,990 shares during the period. Finally, Marshall Wace LLP raised its position in Blue Bird by 383.1% in the third quarter. Marshall Wace LLP now owns 425,214 shares of the company’s stock worth $24,471,000 after acquiring an additional 337,196 shares during the period. Institutional investors own 93.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on BLBD shares. Zacks Research lowered shares of Blue Bird from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. DA Davidson reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Blue Bird in a research report on Monday. Freedom Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Barclays lifted their target price on shares of Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.80.
Blue Bird Price Performance
BLBD opened at $71.95 on Friday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.01 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. The firm has a 50-day moving average price of $64.63 and a 200-day moving average price of $56.93. Blue Bird Corporation has a twelve month low of $38.67 and a twelve month high of $81.51.
Blue Bird (NASDAQ:BLBD – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $352.64 million during the quarter, compared to the consensus estimate of $335.23 million. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. Equities analysts expect that Blue Bird Corporation will post 4.35 EPS for the current 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.
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