JPMorgan Chase & Co. Has $112.28 Million Position in Douglas Dynamics, Inc. (PLOW)

JPMorgan Chase & Co. reduced its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,817,563 shares of the auto parts company’s stock after selling 28,275 shares during the period. JPMorgan Chase & Co. owned 12.47% of Douglas Dynamics worth $112,281,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Mawer Investment Management Ltd. grew its holdings in Douglas Dynamics by 0.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,214,331 shares of the auto parts company’s stock worth $47,845,000 after acquiring an additional 7,330 shares during the period. Yorktown Management & Research Co Inc acquired a new stake in Douglas Dynamics during the 3rd quarter worth about $343,000. Ameriprise Financial Inc. acquired a new stake in Douglas Dynamics during the 3rd quarter worth about $2,339,000. SG Americas Securities LLC grew its holdings in Douglas Dynamics by 8.2% during the 3rd quarter. SG Americas Securities LLC now owns 23,801 shares of the auto parts company’s stock worth $938,000 after acquiring an additional 1,795 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Douglas Dynamics by 10.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,727 shares of the auto parts company’s stock worth $541,000 after acquiring an additional 1,269 shares during the period. 90.27% of the stock is owned by institutional investors and hedge funds.

Shares of Douglas Dynamics, Inc. (NYSE PLOW) traded down $0.90 during trading on Monday, reaching $39.85. The company’s stock had a trading volume of 92,600 shares, compared to its average volume of 98,422. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.76 and a current ratio of 2.97. Douglas Dynamics, Inc. has a 52-week low of $28.55 and a 52-week high of $42.60. The firm has a market cap of $900.25, a P/E ratio of 29.74, a P/E/G ratio of 1.88 and a beta of 1.12.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). The firm had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. analysts forecast that Douglas Dynamics, Inc. will post 1.41 earnings per share for the current fiscal year.

A number of brokerages have weighed in on PLOW. BidaskClub upgraded Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Douglas Dynamics presently has an average rating of “Hold” and an average price target of $40.00.

In other news, CFO Sarah C. Lauber bought 1,250 shares of Douglas Dynamics stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $36.04 per share, for a total transaction of $45,050.00. Following the purchase, the chief financial officer now directly owns 1,250 shares in the company, valued at approximately $45,050. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

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Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.

Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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