UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 641 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,901 shares of the auto parts company’s stock after selling 641 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Douglas Dynamics worth $1,735,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PLOW. CWM LLC raised its holdings in Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 2,835 shares in the last quarter. FMR LLC increased its stake in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 1,229 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Douglas Dynamics in the 2nd quarter worth about $100,000. SG Americas Securities LLC bought a new position in shares of Douglas Dynamics in the 2nd quarter worth about $117,000. Finally, Quest Partners LLC bought a new position in shares of Douglas Dynamics in the 3rd quarter worth about $118,000. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Stock Performance

Shares of PLOW opened at $25.08 on Tuesday. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock has a market cap of $579.10 million, a price-to-earnings ratio of 10.90, a PEG ratio of 1.40 and a beta of 1.20. The business has a 50-day simple moving average of $25.45 and a two-hundred day simple moving average of $25.68.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Monday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

Analyst Upgrades and Downgrades

PLOW has been the subject of several research reports. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird cut their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

Douglas Dynamics Company 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.