Charles Schwab Investment Management Inc. Sells 31,120 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Charles Schwab Investment Management Inc. cut its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 12.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 222,213 shares of the auto parts company’s stock after selling 31,120 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Douglas Dynamics were worth $5,251,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Douglas Dynamics by 0.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock valued at $57,819,000 after purchasing an additional 20,233 shares during the period. DF Dent & Co. Inc. increased its holdings in Douglas Dynamics by 26.3% in the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock valued at $23,599,000 after purchasing an additional 178,018 shares during the last quarter. Geode Capital Management LLC lifted its stake in Douglas Dynamics by 1.3% in the third quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company’s stock valued at $14,247,000 after buying an additional 6,657 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Douglas Dynamics by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock worth $8,412,000 after buying an additional 2,445 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Douglas Dynamics by 19.7% during the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company’s stock worth $7,015,000 after buying an additional 48,936 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Stock Down 1.3 %

NYSE:PLOW opened at $23.92 on Wednesday. The stock has a market cap of $552.41 million, a price-to-earnings ratio of 10.40, a PEG ratio of 1.14 and a beta of 1.17. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $25.42 and a two-hundred day moving average price of $25.50. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $30.98.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.295 per share. The ex-dividend date is Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a yield of 4.93%. Douglas Dynamics’s payout ratio is 50.43%.

Analyst Ratings Changes

A number of analysts recently weighed in on PLOW shares. DA Davidson reiterated a “buy” rating and issued a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

About Douglas Dynamics

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.