Ameriprise Financial Inc. Has $1.11 Million Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Ameriprise Financial Inc. lifted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,014 shares of the auto parts company's stock after acquiring an additional 18,074 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.20% of Douglas Dynamics worth $1,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLOW. R Squared Ltd bought a new stake in shares of Douglas Dynamics during the fourth quarter worth $49,000. US Bancorp DE raised its position in shares of Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after acquiring an additional 413 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Douglas Dynamics during the fourth quarter worth $111,000. Aquatic Capital Management LLC raised its position in shares of Douglas Dynamics by 358.9% during the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after acquiring an additional 6,102 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Douglas Dynamics during the fourth quarter worth $219,000. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Trading Down 0.2%

NYSE PLOW traded down $0.05 on Thursday, reaching $27.53. The company had a trading volume of 111,823 shares, compared to its average volume of 190,743. The stock's 50 day moving average is $25.32 and its 200-day moving average is $25.11. The stock has a market cap of $638.94 million, a price-to-earnings ratio of 11.97, a PEG ratio of 1.14 and a beta of 1.25. 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 52 week low of $21.30 and a 52 week high of $30.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. The business had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The firm's revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.29) earnings per share. Equities analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. DA Davidson reiterated a "buy" rating and issued a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Insiders Place Their Bets

In other news, Director James L. Janik sold 15,650 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $29.01, for a total transaction of $454,006.50. Following the completion of the transaction, the director now directly owns 40,136 shares of the company's stock, valued at $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.50% of the company's stock.

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.