Barclays PLC Has $573,000 Stock Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Barclays PLC lifted its holdings in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 257.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,666 shares of the company's stock after buying an additional 32,906 shares during the quarter. Barclays PLC owned about 0.13% of The Shyft Group worth $573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in shares of The Shyft Group in the second quarter worth about $59,000. Point72 DIFC Ltd acquired a new stake in shares of The Shyft Group in the second quarter valued at approximately $60,000. FMR LLC raised its position in The Shyft Group by 301.4% in the 3rd quarter. FMR LLC now owns 7,726 shares of the company's stock worth $97,000 after purchasing an additional 5,801 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in The Shyft Group by 1,062.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,477 shares of the company's stock worth $232,000 after buying an additional 16,888 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in The Shyft Group in the 3rd quarter valued at $241,000. Institutional investors and hedge funds own 85.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Roth Mkm restated a "buy" rating and set a $16.00 target price on shares of The Shyft Group in a research report on Tuesday, December 17th. DA Davidson raised The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday.

The Shyft Group Trading Up 0.7 %

SHYF stock traded up $0.09 during midday trading on Friday, reaching $12.42. The company's stock had a trading volume of 231,369 shares, compared to its average volume of 249,715. The business's 50-day simple moving average is $12.67 and its 200-day simple moving average is $12.74. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The Shyft Group, Inc. has a 52 week low of $9.81 and a 52 week high of $17.56. The stock has a market cap of $428.42 million, a PE ratio of -103.50 and a beta of 1.66.

The Shyft Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.61%. The Shyft Group's dividend payout ratio is currently -166.67%.

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.