Healthcare of Ontario Pension Plan Trust Fund Has $4.17 Million Stock Holdings in Blue Bird Corporation $BLBD

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Blue Bird Corporation (NASDAQ:BLBD) by 42.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,398 shares of the company’s stock after selling 55,056 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Blue Bird were worth $4,168,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its position in shares of Blue Bird by 210.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after purchasing an additional 525 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Blue Bird by 222.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after buying an additional 568 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position 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 valued at $41,000 after buying an additional 702 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Blue Bird during the 4th quarter worth $41,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Blue Bird during the 4th quarter worth $63,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on BLBD. Roth Capital started coverage on Blue Bird in a research note on Thursday, June 25th. They issued a “buy” rating and a $94.00 target price for the company. Zacks Research upgraded Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. DA Davidson set a $86.00 price target on Blue Bird in a research report on Tuesday, June 9th. Freedom Capital cut Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Barclays boosted their price objective on Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.17.

Blue Bird Trading Up 3.2%

BLBD opened at $74.60 on Friday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.98 and a beta of 1.35. 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 12 month low of $42.95 and a 12 month high of $83.39. The firm’s fifty day simple moving average is $74.57 and its 200 day simple moving average is $64.05.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company earned $0.96 EPS. The company’s revenue was down 1.7% on a year-over-year basis. As a group, research analysts anticipate that Blue Bird Corporation will post 4.5 EPS for the current fiscal year.

Blue Bird 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.