BlackRock Inc. Has $18.18 Million Holdings in Blue Bird Corp (BLBD)

BlackRock Inc. raised its position in shares of Blue Bird Corp (NASDAQ:BLBD) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 999,398 shares of the company’s stock after purchasing an additional 78,023 shares during the quarter. BlackRock Inc. owned 3.79% of Blue Bird worth $18,179,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Blue Bird during the 4th quarter valued at about $26,000. MetLife Investment Advisors LLC boosted its holdings in shares of Blue Bird by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 8,926 shares of the company’s stock valued at $219,000 after acquiring an additional 3,175 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Blue Bird during the 3rd quarter valued at about $233,000. Lincoln Capital Corp purchased a new stake in shares of Blue Bird during the 4th quarter valued at about $217,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Blue Bird during the 3rd quarter valued at about $338,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Shares of NASDAQ BLBD opened at $17.59 on Tuesday. The stock has a market cap of $466.58 million, a PE ratio of 10.35 and a beta of 1.21. Blue Bird Corp has a 52-week low of $15.67 and a 52-week high of $26.95.



Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. The firm had revenue of $154.93 million for the quarter, compared to the consensus estimate of $157.20 million. Blue Bird had a net margin of 3.68% and a negative return on equity of 70.66%. As a group, sell-side analysts forecast that Blue Bird Corp will post 1.58 earnings per share for the current year.

BLBD has been the topic of a number of recent analyst reports. BidaskClub raised shares of Blue Bird from a “strong sell” rating to a “sell” rating in a report on Thursday, December 27th. ValuEngine downgraded shares of Blue Bird from a “hold” rating to a “sell” rating in a report on Friday, March 15th.

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About Blue Bird

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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