Raymond James & Associates raised its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF – Free Report) by 49.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,824 shares of the company’s stock after purchasing an additional 5,548 shares during the quarter. Raymond James & Associates’ holdings in The Shyft Group were worth $252,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in SHYF. Public Employees Retirement System of Ohio boosted its position 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 buying an additional 466 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in The Shyft Group by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,464 shares of the company’s stock valued at $580,000 after buying an additional 469 shares in the last quarter. Legal & General Group Plc boosted its position in The Shyft Group by 4.4% in the second quarter. Legal & General Group Plc now owns 12,826 shares of the company’s stock valued at $239,000 after buying an additional 538 shares in the last quarter. Citigroup Inc. boosted its position in The Shyft Group by 29.7% in the first quarter. Citigroup Inc. now owns 2,386 shares of the company’s stock valued at $54,000 after buying an additional 547 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in The Shyft Group by 33.2% in the second quarter. Point72 Hong Kong Ltd now owns 2,339 shares of the company’s stock valued at $43,000 after buying an additional 583 shares in the last quarter. 84.64% of the stock is currently owned by institutional investors and hedge funds.
The Shyft Group Trading Up 1.8 %
SHYF opened at $11.04 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.70 and a quick ratio of 1.05. The company has a market cap of $378.56 million, a price-to-earnings ratio of 13.63 and a beta of 1.68. The firm has a 50 day simple moving average of $11.65 and a 200 day simple moving average of $13.25. The Shyft Group, Inc. has a fifty-two week low of $10.39 and a fifty-two week high of $32.97.
The Shyft Group Announces Dividend
Wall Street Analyst Weigh In
A number of equities analysts have commented on SHYF shares. BTIG Research lowered shares of The Shyft Group from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. Craig Hallum dropped their target price on shares of The Shyft Group from $16.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.33.
The Shyft Group Company Profile
The Shyft Group, Inc manufactures and assembles specialty vehicles for the commercial vehicle 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 manufactures and sells 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.
- Five stocks we like better than The Shyft Group
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Is the dip in Atlassian stock a sneaky buy opportunity?
- 3 Best Fintech Stocks for a Portfolio Boost
- Caterpillar stock hits new highs; time to ring the register?
- Mega Cap Stocks: What They Are and How to Invest
- 5 medical stocks growing earnings by triple digits
Receive News & Ratings for The Shyft Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Shyft Group and related companies with MarketBeat.com's FREE daily email newsletter.