The Shyft Group, Inc. (NASDAQ:SHYF) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in The Shyft Group, Inc. (NASDAQ:SHYF) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 583,583 shares of the company’s stock after selling 3,518 shares during the period. Wells Fargo & Company MN owned approximately 1.69% of The Shyft Group worth $6,851,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in The Shyft Group in the 4th quarter valued at about $41,000. Quantbot Technologies LP purchased a new stake in shares of The Shyft Group in the fourth quarter worth about $48,000. FMR LLC grew its holdings in The Shyft Group by 301.4% during the 3rd quarter. FMR LLC now owns 7,726 shares of the company’s stock valued at $97,000 after purchasing an additional 5,801 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in The Shyft Group during the 4th quarter valued at approximately $209,000. Finally, SG Americas Securities LLC increased its position in shares of The Shyft Group by 24.3% in the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock worth $215,000 after purchasing an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 85.84% of the company’s stock.

The Shyft Group Stock Up 0.5 %

SHYF opened at $7.39 on Friday. The company has a market capitalization of $258.15 million, a PE ratio of -82.10 and a beta of 1.83. The Shyft Group, Inc. has a one year low of $7.05 and a one year high of $17.56. The stock’s fifty day moving average is $9.31 and its 200-day moving average is $11.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82.

The Shyft Group (NASDAQ:SHYF) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The business had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million. On average, equities analysts predict that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Thursday, February 27th were issued a $0.05 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.20 annualized dividend and a yield of 2.71%. The Shyft Group’s dividend payout ratio (DPR) is currently -222.22%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, January 15th.

The Shyft Group Profile

The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.