Charles Schwab Investment Management Inc. Cuts Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Charles Schwab Investment Management Inc. decreased its position in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 358,267 shares of the company's stock after selling 86,546 shares during the period. Charles Schwab Investment Management Inc. owned 1.04% of The Shyft Group worth $4,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its stake in shares of The Shyft Group by 301.4% in the third 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. SG Americas Securities LLC increased its holdings in The Shyft Group by 24.3% in the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock worth $215,000 after buying an additional 3,575 shares during the period. Public Employees Retirement System of Ohio raised its position 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 during the last quarter. Barclays PLC lifted its stake in The Shyft Group by 257.9% during the 3rd quarter. Barclays PLC now owns 45,666 shares of the company's stock valued at $573,000 after acquiring an additional 32,906 shares during the period. Finally, Franklin Resources Inc. lifted its stake in The Shyft Group by 76.7% during the 3rd quarter. Franklin Resources Inc. now owns 54,727 shares of the company's stock valued at $669,000 after acquiring an additional 23,761 shares during the period. Institutional investors and hedge funds own 85.84% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHYF. DA Davidson raised shares of The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a report on Wednesday, January 15th. Roth Mkm reiterated a "buy" rating and set a $16.00 price objective on shares of The Shyft Group in a research note on Tuesday, December 17th.

The Shyft Group Stock Performance

NASDAQ:SHYF traded down $0.65 during trading hours on Friday, reaching $8.35. The company had a trading volume of 191,794 shares, compared to its average volume of 288,245. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16. The Shyft Group, Inc. has a 1-year low of $8.26 and a 1-year high of $17.56. The business's 50 day moving average price is $10.72 and its 200-day moving average price is $11.96. The firm has a market cap of $291.68 million, a PE ratio of -92.77 and a beta of 1.69.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.09). The firm had revenue of $201.43 million during the quarter, compared to analyst estimates 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 forecast that The Shyft Group, Inc. will post 0.68 EPS for the current year.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Thursday, February 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 27th. The Shyft Group's dividend payout ratio (DPR) is presently -222.22%.

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.