Gamco Investors INC. ET AL reduced its position in shares of Hyster-Yale, Inc. (NYSE:HY – Free Report) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 811,057 shares of the industrial products company’s stock after selling 23,309 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Hyster-Yale were worth $26,367,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in HY. Kestra Advisory Services LLC acquired a new position in Hyster-Yale in the 4th quarter valued at $61,000. Aquatic Capital Management LLC increased its position in Hyster-Yale by 71.9% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,410 shares during the period. Amundi lifted its holdings in shares of Hyster-Yale by 10.1% during the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after buying an additional 444 shares in the last quarter. State of Wyoming acquired a new stake in shares of Hyster-Yale during the first quarter worth $204,000. Finally, Intech Investment Management LLC boosted its position in shares of Hyster-Yale by 19.2% in the third quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 1,036 shares during the period. 46.47% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on HY shares. Weiss Ratings downgraded shares of Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of Hyster-Yale from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hyster-Yale has a consensus rating of “Hold” and an average price target of $45.00.
Hyster-Yale Stock Performance
HY opened at $33.11 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.67 and a current ratio of 1.31. Hyster-Yale, Inc. has a 52-week low of $26.41 and a 52-week high of $44.55. The firm has a market cap of $593.20 million, a P/E ratio of -5.92 and a beta of 1.61. The business’s fifty day moving average is $34.55 and its 200-day moving average is $35.00.
Hyster-Yale (NYSE:HY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share for the quarter, topping the consensus estimate of ($2.02) by $0.38. The business had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $878.10 million. Hyster-Yale had a negative net margin of 2.71% and a negative return on equity of 13.96%. Sell-side analysts expect that Hyster-Yale, Inc. will post -2.75 EPS for the current fiscal year.
Hyster-Yale Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 1st were given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, June 1st. This is a boost from Hyster-Yale’s previous quarterly dividend of $0.36. Hyster-Yale’s dividend payout ratio is presently -26.12%.
Hyster-Yale Profile
Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.
The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.
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