Jane Street Group LLC Purchases 34,873 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Jane Street Group LLC grew its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 109.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,695 shares of the auto parts company's stock after buying an additional 34,873 shares during the quarter. Jane Street Group LLC owned 0.29% of Douglas Dynamics worth $1,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLOW. Allspring Global Investments Holdings LLC raised its position in Douglas Dynamics by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company's stock worth $66,755,000 after acquiring an additional 36,797 shares during the period. Pzena Investment Management LLC grew its stake in Douglas Dynamics by 15.9% during the third quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company's stock valued at $44,813,000 after acquiring an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Douglas Dynamics by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company's stock worth $20,590,000 after buying an additional 14,835 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Douglas Dynamics by 149.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company's stock valued at $9,750,000 after acquiring an additional 211,573 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Douglas Dynamics by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,424 shares of the auto parts company's stock worth $6,141,000 after buying an additional 8,952 shares in the last quarter. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Up 0.5 %

Shares of PLOW stock traded up $0.12 during mid-day trading on Thursday, reaching $23.66. 49,633 shares of the company's stock traded hands, compared to its average volume of 209,170. The company's 50-day moving average price is $25.02 and its 200-day moving average price is $25.61. The company has a market cap of $546.40 million, a P/E ratio of 10.29, a P/E/G ratio of 1.40 and a beta of 1.20. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 12 month low of $21.31 and a 12 month high of $30.98.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Monday, December 16th. Douglas Dynamics's payout ratio is 51.30%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLOW. StockNews.com lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Robert W. Baird decreased their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th.

Douglas Dynamics Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.