The Shyft Group (NASDAQ:SHYF) Coverage Initiated at BTIG Research

Stock analysts at BTIG Research started coverage on shares of The Shyft Group (NASDAQ:SHYFGet Rating) in a research note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating and a $40.00 price target on the stock. BTIG Research’s price target would indicate a potential upside of 28.74% from the stock’s previous close.

The Shyft Group Stock Up 4.3 %

SHYF opened at $31.07 on Thursday. The Shyft Group has a 12 month low of $17.66 and a 12 month high of $46.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.76 and a quick ratio of 1.16. The stock has a market cap of $1.09 billion, a P/E ratio of 28.50 and a beta of 1.75. The stock’s 50 day moving average price is $25.70 and its 200 day moving average price is $23.85.

The Shyft Group (NASDAQ:SHYFGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. The Shyft Group had a return on equity of 15.42% and a net margin of 3.91%. The company had revenue of $286.08 million for the quarter, compared to analysts’ expectations of $279.70 million. As a group, research analysts predict that The Shyft Group will post 0.97 earnings per share for the current year.

Insider Transactions at The Shyft Group

In other news, insider Stephen K. Guillaume sold 15,000 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $24.51, for a total transaction of $367,650.00. Following the completion of the sale, the insider now directly owns 63,014 shares of the company’s stock, valued at approximately $1,544,473.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.26% of the company’s stock.

Institutional Investors Weigh In On The Shyft Group

Several large investors have recently modified their holdings of SHYF. Gradient Investments LLC bought a new stake in shares of The Shyft Group during the 4th quarter worth $27,000. Public Employees Retirement System of Ohio boosted its stake in shares of The Shyft Group by 55.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,301 shares of the company’s stock worth $27,000 after acquiring an additional 466 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of The Shyft Group by 49.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,745 shares of the company’s stock worth $32,000 after buying an additional 575 shares during the period. Point72 Hong Kong Ltd boosted its position in shares of The Shyft Group by 33.2% in the second quarter. Point72 Hong Kong Ltd now owns 2,339 shares of the company’s stock worth $43,000 after buying an additional 583 shares during the period. Finally, UBS Group AG boosted its position in shares of The Shyft Group by 57.5% in the third quarter. UBS Group AG now owns 3,050 shares of the company’s stock worth $63,000 after buying an additional 1,114 shares during the period. 80.17% of the stock is owned by institutional investors.

About The Shyft Group

(Get Rating)

The Shyft Group, Inc engages in vehicle manufacturing and assembly for the commercial and retail vehicle industries as well as for the emergency response and recreational vehicle markets. It operates through the Fleet Vehicles and Services, and Specialty Vehicles segments. The Fleet Vehicles and Services segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries.

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