Campbell & CO Investment Adviser LLC Acquires New Holdings in Douglas Dynamics Inc (PLOW)
Campbell & CO Investment Adviser LLC acquired a new position in Douglas Dynamics Inc (NYSE:PLOW) during the third quarter, HoldingsChannel reports. The institutional investor acquired 4,866 shares of the auto parts company’s stock, valued at approximately $214,000.
A number of other large investors have also recently added to or reduced their stakes in PLOW. BB&T Corp bought a new stake in Douglas Dynamics during the third quarter worth approximately $207,000. Citadel Advisors LLC boosted its position in Douglas Dynamics by 308.4% during the second quarter. Citadel Advisors LLC now owns 35,147 shares of the auto parts company’s stock worth $1,687,000 after purchasing an additional 26,540 shares during the period. Northern Trust Corp boosted its position in Douglas Dynamics by 3.1% during the second quarter. Northern Trust Corp now owns 275,197 shares of the auto parts company’s stock worth $13,210,000 after purchasing an additional 8,215 shares during the period. BlueMountain Capital Management LLC boosted its position in Douglas Dynamics by 107.8% during the second quarter. BlueMountain Capital Management LLC now owns 34,701 shares of the auto parts company’s stock worth $1,666,000 after purchasing an additional 18,003 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Douglas Dynamics during the second quarter worth approximately $643,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.
In other news, Chairman James L. Janik sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $44.89, for a total value of $1,122,250.00. Following the completion of the sale, the chairman now directly owns 239,030 shares of the company’s stock, valued at $10,730,056.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, November 5th. The auto parts company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $124.80 million for the quarter, compared to the consensus estimate of $125.37 million. Douglas Dynamics had a return on equity of 15.64% and a net margin of 12.49%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. As a group, equities analysts predict that Douglas Dynamics Inc will post 2 EPS for the current fiscal year.
A number of brokerages have issued reports on PLOW. Zacks Investment Research cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Craig Hallum set a $43.00 target price on Douglas Dynamics and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Finally, ValuEngine cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th.
Douglas Dynamics Profile
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.
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