Nisa Investment Advisors LLC Invests $28,000 in The Shyft Group, Inc. (NASDAQ:SHYF)

Nisa Investment Advisors LLC purchased a new position in shares of The Shyft Group, Inc. (NASDAQ:SHYF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 760 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. lifted its stake in shares of The Shyft Group by 11.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,667 shares of the company’s stock valued at $100,000 after buying an additional 280 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of The Shyft Group by 0.9% during the 2nd quarter. New York State Common Retirement Fund now owns 31,584 shares of the company’s stock valued at $1,182,000 after buying an additional 284 shares in the last quarter. Swiss National Bank lifted its stake in shares of The Shyft Group by 1.0% during the 1st quarter. Swiss National Bank now owns 73,100 shares of the company’s stock valued at $2,719,000 after buying an additional 700 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of The Shyft Group by 1.8% during the 1st quarter. JPMorgan Chase & Co. now owns 39,252 shares of the company’s stock valued at $1,460,000 after buying an additional 707 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of The Shyft Group by 1.7% during the 1st quarter. Captrust Financial Advisors now owns 48,208 shares of the company’s stock valued at $1,793,000 after buying an additional 795 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

A number of analysts have issued reports on SHYF shares. Colliers Securities reiterated a “buy” rating on shares of The Shyft Group in a report on Thursday, July 1st. Raymond James lifted their price target on shares of The Shyft Group from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, August 9th. Zacks Investment Research downgraded shares of The Shyft Group from a “buy” rating to a “hold” rating in a report on Friday, August 13th. Finally, DA Davidson started coverage on shares of The Shyft Group in a report on Tuesday, August 10th. They issued a “buy” rating and a $50.00 price target on the stock.

The Shyft Group stock opened at $40.46 on Tuesday. The company’s 50-day moving average price is $41.12 and its 200-day moving average price is $38.89. The Shyft Group, Inc. has a twelve month low of $17.29 and a twelve month high of $45.08. The company has a quick ratio of 1.10, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.43 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.

The Shyft Group (NASDAQ:SHYF) last posted its earnings results on Thursday, August 5th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The Shyft Group had a net margin of 6.60% and a return on equity of 27.82%. The firm had revenue of $243.98 million for the quarter, compared to the consensus estimate of $245.90 million. As a group, sell-side analysts expect that The Shyft Group, Inc. will post 1.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, August 18th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. The Shyft Group’s dividend payout ratio (DPR) is presently 8.47%.

In related news, Director Ronald Edward Harbour sold 20,000 shares of the company’s stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $40.60, for a total transaction of $812,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daryl M. Adams sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $42.19, for a total transaction of $632,850.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,000 shares of company stock worth $2,650,250. Insiders own 2.88% of the company’s stock.

The Shyft Group Company Profile

The Shyft Group, Inc engages in vehicle manufacturing and assembly for the commercial and retail vehicle industries as well as for the emergency response and recreational vehicle markets. It operates through the Fleet Vehicles and Services, and Specialty Vehicles segments. The Fleet Vehicles and Services segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries.

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Institutional Ownership by Quarter for The Shyft Group (NASDAQ:SHYF)

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