D. E. Shaw & Co. Inc. Lowers Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

D. E. Shaw & Co. Inc. lessened its stake in The Shyft Group, Inc. (NASDAQ:SHYF) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949,516 shares of the company’s stock after selling 83,540 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.75% of The Shyft Group worth $11,147,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its position in The Shyft Group by 60.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company’s stock worth $38,038,000 after acquiring an additional 1,216,701 shares in the last quarter. Vanguard Group Inc. lifted its stake in The Shyft Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company’s stock worth $20,823,000 after purchasing an additional 13,263 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of The Shyft Group by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,295,359 shares of the company’s stock worth $15,207,000 after purchasing an additional 70,269 shares in the last quarter. Zuckerman Investment Group LLC increased its position in shares of The Shyft Group by 1.4% during the 4th quarter. Zuckerman Investment Group LLC now owns 1,294,886 shares of the company’s stock valued at $14,762,000 after purchasing an additional 17,787 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of The Shyft Group by 21.4% during the 4th quarter. Royce & Associates LP now owns 1,156,776 shares of the company’s stock valued at $13,581,000 after buying an additional 203,758 shares in the last quarter. Institutional investors own 85.84% of the company’s stock.

The Shyft Group Price Performance

SHYF stock opened at $10.12 on Wednesday. The firm has a market cap of $354.26 million, a P/E ratio of -112.43 and a beta of 1.93. The firm’s fifty day moving average is $8.57 and its 200 day moving average is $11.02. The Shyft Group, Inc. has a 52 week low of $6.82 and a 52 week high of $17.56. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The company had revenue of $201.43 million for the quarter, compared to the consensus estimate of $211.90 million. The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. Research analysts predict that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.

The Shyft Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid a $0.05 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.98%. The Shyft Group’s dividend payout ratio (DPR) is currently 2,000.00%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, January 15th.

About The Shyft Group

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.