The Shyft Group, Inc. (NASDAQ:SHYF) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in shares of The Shyft Group, Inc. (NASDAQ:SHYF – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,400 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Swiss National Bank owned about 0.23% of The Shyft Group worth $1,999,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Gradient Investments LLC acquired a new position in shares of The Shyft Group during the fourth quarter worth $27,000. Public Employees Retirement System of Ohio raised its holdings in The Shyft Group by 55.8% in the third quarter. Public Employees Retirement System of Ohio now owns 1,301 shares of the company’s stock valued at $27,000 after acquiring an additional 466 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in The Shyft Group by 548.0% in the first quarter. Point72 Hong Kong Ltd now owns 1,756 shares of the company’s stock valued at $63,000 after acquiring an additional 1,485 shares in the last quarter. UBS Group AG raised its holdings in The Shyft Group by 57.5% in the third quarter. UBS Group AG now owns 3,050 shares of the company’s stock valued at $63,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in The Shyft Group by 261.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,691 shares of the company’s stock valued at $96,000 after acquiring an additional 3,394 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHYF has been the topic of several recent analyst reports. TheStreet cut shares of The Shyft Group from a “b-” rating to a “c” rating in a report on Friday, April 28th. DA Davidson lowered their target price on shares of The Shyft Group from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, February 24th. Finally, Raymond James lowered their target price on shares of The Shyft Group from $40.00 to $30.00 and set a “strong-buy” rating for the company in a research note on Friday, February 24th.

The Shyft Group Stock Up 3.8 %

The Shyft Group stock opened at $24.00 on Friday. The company has a 50-day simple moving average of $23.05 and a 200-day simple moving average of $25.78. The firm has a market capitalization of $837.96 million, a P/E ratio of 20.17 and a beta of 1.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 1.77. The Shyft Group, Inc. has a one year low of $17.66 and a one year high of $34.10.

The Shyft Group (NASDAQ:SHYF – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. The business had revenue of $302.01 million during the quarter, compared to analyst estimates of $314.60 million. The Shyft Group had a net margin of 3.96% and a return on equity of 17.50%. As a group, equities analysts expect that The Shyft Group, Inc. will post 1.17 earnings per share for the current year.

The Shyft Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. The Shyft Group’s dividend payout ratio is currently 16.81%.

Insider Transactions at The Shyft Group

In other news, insider Stephen K. Guillaume sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $26.58, for a total transaction of $106,320.00. Following the completion of the transaction, the insider now owns 67,792 shares in the company, valued at $1,801,911.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Stephen K. Guillaume sold 4,000 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $26.58, for a total value of $106,320.00. Following the completion of the transaction, the insider now owns 67,792 shares in the company, valued at approximately $1,801,911.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen K. Guillaume sold 2,000 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $26.83, for a total transaction of $53,660.00. Following the completion of the transaction, the insider now owns 73,792 shares of the company’s stock, valued at approximately $1,979,839.36. The disclosure for this sale can be found here. Insiders own 2.26% of the company’s stock.

About The Shyft Group

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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.