Hyster-Yale, Inc. (NYSE:HY) Shares Bought by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC raised its stake in shares of Hyster-Yale, Inc. (NYSE:HY) by 14.9% during the first quarter, HoldingsChannel reports. The firm owned 10,340 shares of the industrial products company’s stock after purchasing an additional 1,340 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Hyster-Yale were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GSA Capital Partners LLP raised its stake in shares of Hyster-Yale by 4.3% in the first quarter. GSA Capital Partners LLP now owns 19,785 shares of the industrial products company’s stock worth $822,000 after purchasing an additional 812 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Hyster-Yale by 26.6% in the first quarter. Victory Capital Management Inc. now owns 13,948 shares of the industrial products company’s stock worth $579,000 after purchasing an additional 2,930 shares during the last quarter. Isthmus Partners LLC raised its stake in shares of Hyster-Yale by 1.0% in the first quarter. Isthmus Partners LLC now owns 47,674 shares of the industrial products company’s stock worth $1,980,000 after purchasing an additional 490 shares during the last quarter. A&I Financial Services LLC raised its stake in shares of Hyster-Yale by 10.6% in the first quarter. A&I Financial Services LLC now owns 10,689 shares of the industrial products company’s stock worth $444,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Hyster-Yale by 32.6% in the first quarter. Vontobel Holding Ltd. now owns 107,486 shares of the industrial products company’s stock worth $4,465,000 after purchasing an additional 26,414 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Hyster-Yale from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th.

Hyster-Yale Stock Down 4.4%

Hyster-Yale stock opened at $40.16 on Friday. The business’s 50-day moving average price is $41.09 and its 200 day moving average price is $43.85. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a market cap of $711.23 million, a price-to-earnings ratio of 7.16 and a beta of 1.53. Hyster-Yale, Inc. has a 52 week low of $34.13 and a 52 week high of $76.77.

Hyster-Yale (NYSE:HY) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $910.40 million for the quarter, compared to analyst estimates of $947.80 million. Hyster-Yale had a return on equity of 23.11% and a net margin of 2.39%. As a group, sell-side analysts anticipate that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Hyster-Yale’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 3.6%. Hyster-Yale’s dividend payout ratio is presently 25.67%.

Hyster-Yale Company Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.