Hyster-Yale Materials Handling, Inc. (HY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) have received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $70.00.

HY has been the topic of several recent analyst reports. ValuEngine lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Seaport Global Securities lowered shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Monday, November 6th. Zacks Investment Research lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, Sidoti restated a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th.

Hyster-Yale Materials Handling (NYSE HY) opened at $85.62 on Thursday. The firm has a market cap of $1,403.22, a PE ratio of 24.15 and a beta of 1.08. Hyster-Yale Materials Handling has a 1-year low of $53.50 and a 1-year high of $93.90. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 30th. Hyster-Yale Materials Handling’s payout ratio is currently 31.59%.

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in Hyster-Yale Materials Handling by 4.9% in the second quarter. Legal & General Group Plc now owns 3,361 shares of the industrial products company’s stock valued at $237,000 after buying an additional 156 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Hyster-Yale Materials Handling by 1.5% during the second quarter. Rhumbline Advisers now owns 12,520 shares of the industrial products company’s stock valued at $880,000 after purchasing an additional 190 shares in the last quarter. US Bancorp DE raised its stake in shares of Hyster-Yale Materials Handling by 3.8% during the second quarter. US Bancorp DE now owns 8,132 shares of the industrial products company’s stock valued at $571,000 after purchasing an additional 301 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Hyster-Yale Materials Handling by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 319 shares during the period. Finally, Strs Ohio grew its holdings in Hyster-Yale Materials Handling by 6.1% during the second quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock worth $611,000 after acquiring an additional 500 shares during the period. 50.96% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Stock Observer and is the property of of Stock Observer. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.thestockobserver.com/2017/12/07/hyster-yale-materials-handling-inc-hy-receives-consensus-rating-of-hold-from-brokerages.html.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Receive News & Ratings for Hyster-Yale Materials Handling Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply