The Shyft Group’s (SHYF) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of The Shyft Group (NASDAQ:SHYF) in a report issued on Tuesday,Benzinga reports. The firm currently has a $16.00 price target on the stock.

Separately, DA Davidson reiterated a “neutral” rating and set a $15.00 target price (down from $18.00) on shares of The Shyft Group in a research report on Tuesday.

The Shyft Group Stock Down 7.4 %

Shares of NASDAQ:SHYF opened at $11.40 on Tuesday. 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 business has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $12.86. The Shyft Group has a 1 year low of $9.81 and a 1 year high of $17.56. The firm has a market capitalization of $393.23 million, a PE ratio of -95.00 and a beta of 1.63.

The Shyft Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, November 15th. The Shyft Group’s dividend payout ratio is presently -166.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of The Shyft Group by 76.7% during the third quarter. Franklin Resources Inc. now owns 54,727 shares of the company’s stock valued at $669,000 after buying an additional 23,761 shares during the period. Barclays PLC grew its holdings in The Shyft Group by 257.9% during the 3rd quarter. Barclays PLC now owns 45,666 shares of the company’s stock worth $573,000 after acquiring an additional 32,906 shares in the last quarter. Geode Capital Management LLC increased its position in The Shyft Group by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 773,150 shares of the company’s stock valued at $9,705,000 after purchasing an additional 9,588 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of The Shyft Group by 1,062.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,477 shares of the company’s stock valued at $232,000 after purchasing an additional 16,888 shares in the last quarter. Finally, State Street Corp lifted its position in shares of The Shyft Group by 0.8% in the 3rd quarter. State Street Corp now owns 706,780 shares of the company’s stock worth $8,870,000 after purchasing an additional 5,682 shares during the period. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

The Shyft Group Company 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.