Barclays PLC Buys 32,906 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Barclays PLC lifted its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 257.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 45,666 shares of the company’s stock after acquiring an additional 32,906 shares during the period. Barclays PLC owned approximately 0.13% of The Shyft Group worth $573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in The Shyft Group by 1.3% during the third quarter. Geode Capital Management LLC now owns 773,150 shares of the company’s stock worth $9,705,000 after purchasing an additional 9,588 shares during the last quarter. FMR LLC raised its holdings in shares of The Shyft Group by 301.4% during the 3rd quarter. FMR LLC now owns 7,726 shares of the company’s stock valued at $97,000 after buying an additional 5,801 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in The Shyft Group in the 3rd quarter worth approximately $2,292,000. Jacobs Levy Equity Management Inc. boosted its stake in The Shyft Group by 16.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 564,242 shares of the company’s stock worth $7,081,000 after buying an additional 78,550 shares in the last quarter. Finally, State Street Corp grew its position in The Shyft Group by 0.8% during the third quarter. State Street Corp now owns 706,780 shares of the company’s stock valued at $8,870,000 after acquiring an additional 5,682 shares during the last quarter. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

The Shyft Group Stock Down 0.2 %

Shares of The Shyft Group stock opened at $12.33 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The Shyft Group, Inc. has a 12-month low of $9.81 and a 12-month high of $17.56. The company has a market cap of $425.26 million, a P/E ratio of -102.75 and a beta of 1.66. The company’s fifty day simple moving average is $12.72 and its two-hundred day simple moving average is $12.74.

The Shyft Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. The Shyft Group’s payout ratio is currently -166.67%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SHYF. DA Davidson raised The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday. Roth Mkm reiterated a “buy” rating and set a $16.00 price target on shares of The Shyft Group in a report on Tuesday, December 17th.

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.