JPMorgan Chase & Co. Has $3.20 Million Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

JPMorgan Chase & Co. boosted its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 54.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,778 shares of the company's stock after purchasing an additional 96,177 shares during the period. JPMorgan Chase & Co. owned about 0.79% of The Shyft Group worth $3,202,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in The Shyft Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company's stock worth $20,823,000 after buying an additional 13,263 shares during the last quarter. Royce & Associates LP increased its stake in shares of The Shyft Group by 21.4% during the 4th quarter. Royce & Associates LP now owns 1,156,776 shares of the company's stock worth $13,581,000 after purchasing an additional 203,758 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. Ausdal Financial Partners Inc. acquired a new stake in shares of The Shyft Group in the 4th quarter valued at $8,789,000. Finally, State Street Corp boosted its holdings in The Shyft Group by 0.8% in the third 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 in the last quarter. Institutional investors and hedge funds own 85.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upgraded The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Wednesday, January 15th.

The Shyft Group Stock Performance

The Shyft Group stock traded down $0.61 on Friday, hitting $8.60. The company's stock had a trading volume of 503,191 shares, compared to its average volume of 292,281. The Shyft Group, Inc. has a one year low of $6.82 and a one year high of $17.56. The firm has a market cap of $300.42 million, a P/E ratio of -95.54 and a beta of 1.83. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $8.88 and a 200-day moving average price of $11.28.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.09). The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. The company had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million. On average, equities analysts anticipate that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.

The Shyft Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, February 27th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, February 27th. The Shyft Group's dividend payout ratio is currently -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.