The Shyft GroupSHYF
SHYF
About: The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for commercial vehicles (including last-mile delivery, specialty service, and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, cargo vans, and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supplies replacement parts and offers repair, maintenance, field service, and refurbishment services for the vehicles that the company manufactures.
Employees: 3,000
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
11% more call options, than puts
Call options by funds: $10K | Put options by funds: $9K
1% more capital invested
Capital invested by funds: $367M [Q2] → $369M (+$2.01M) [Q3]
4% less funds holding
Funds holding: 153 [Q2] → 147 (-6) [Q3]
4.43% less ownership
Funds ownership: 89.67% [Q2] → 85.24% (-4.43%) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 49
21% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 29
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
31%
upside
Avg. target
$15.50
35%
upside
High target
$16
40%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Roth MKM Matt Koranda 57% 1-year accuracy 16 / 28 met price target | 40%upside $16 | Buy Maintained | 17 Dec 2024 |
DA Davidson Michael Shlisky 39% 1-year accuracy 11 / 28 met price target | 31%upside $15 | Neutral Downgraded | 17 Dec 2024 |
Financial journalist opinion
Based on 7 articles about SHYF published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Shyft & Aebi Schmidt to Unite to Lead Specialty Vehicle Market
SHYF and Aebi Schmidt Group agree to merge in an all-stock deal to form a leading specialty vehicles company.
Neutral
PRNewsWire
4 days ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of The Shyft Group, Inc. - SHYF
NEW YORK , Dec. 16, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Shyft Group, Inc. (NASDAQ: SHYF ), relating to the proposed merger with Aebi Schmidt Group.
Neutral
Business Wire
4 days ago
Shareholder Alert: Ademi LLP Investigates Whether the Shyft Group Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Shyft (NASDAQ: SHYF) for possible breaches of fiduciary duty and other violations of law in its transaction with Aebi Schmidt. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, each outstanding share of Shyft common stock will be exchanged for 1.04 shares of the combined company's comm.
Neutral
Business Wire
5 days ago
SHYF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of The Shyft Group Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of The Shyft Group (NASDAQ: SHYF) to Aebi Schmidt Group is fair to Shyft shareholders. Under the terms of the proposed transaction, each outstanding share of Shyft common stock will be exchanged for 1.04 shares of the combined company's common stock. Upon closing, Shyft shareholders will own 48 percent of the combined company. Halper Sadeh encourages Shyft shareholders to click here to le.
Neutral
PRNewsWire
5 days ago
The Shyft Group to Merge with Aebi Schmidt Group to Create A Specialty Vehicles Leader
Significant Scale in Attractive North American Market with Strong European Presence Highly Complementary Portfolios Create Opportunities to Better Serve Customers and Drive Competitive Growth Expected to Generate 2024E Pro Forma1 Revenue of ~$1.95 Billion 2 and Adjusted EBITDA3 of ~$200 Million+ Including Synergies Drives Significant Shareholder Value with $25 – $30 Million in Expected Synergies4 by Year 2, EPS Accretion in Year 1 and ROIC Greater than Cost of Capital in Year 3 Post Close Barend Fruithof, Current CEO of Aebi Schmidt, Named President and CEO Elect; James Sharman, Current Chairman of Shyft Board, Named Chairman Elect Combined Company will Trade on NASDAQ NOVI, Mich. and FRAUENFELD (CH), Switzerland , Dec. 16, 2024 /PRNewswire/ -- The Shyft Group (NASDAQ: SHYF) ("Shyft"), and Aebi Schmidt Group ("Aebi Schmidt"), today announced a definitive agreement to combine in an all-stock merger to create a leading specialty vehicles company positioned for outsized growth.
Neutral
PRNewsWire
1 week ago
First Blue Arc™ Class 4 EV Trucks Ship
NOVI, Mich. , Dec. 10, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF), a North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced the first shipments of its Blue Arc™ Class 4 EV truck to multiple customers, including initial deliveries to a leading parcel delivery customer.
Neutral
PRNewsWire
4 weeks ago
The Shyft Group Announces Chief Financial Officer to Depart at Year-End
NOVI, Mich. , Nov. 21, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Jon Douyard has resigned as Chief Financial Officer to pursue another professional opportunity outside the industry.
Neutral
PRNewsWire
1 month ago
The Shyft Group Announces Quarterly Dividend
NOVI, Mich. , Oct. 30, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock.
Positive
Zacks Investment Research
1 month ago
Has The Shyft Group (SHYF) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Here is how The Shyft Group (SHYF) and Tesla (TSLA) have performed compared to their sector so far this year.
Neutral
PRNewsWire
1 month ago
The Shyft Group Expands Blue Arc™ EV Network Through Strategic Partnerships with Allegiance Trucks and Ascendance Truck Centers
NOVI, Mich. , Oct. 28, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced strategic partnerships with Allegiance Trucks, LLC, and Ascendance Trucks, LLC, to establish dealer sales and service for the Blue Arc™ Class 4 all-electric truck.
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