Hyster-Yale (NYSE:HY – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings cut shares of Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.00.
Read Our Latest Report on Hyster-Yale
Hyster-Yale Trading Up 0.2%
Hyster-Yale (NYSE:HY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.02) by $0.38. The company had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $878.10 million. Hyster-Yale had a negative return on equity of 13.96% and a negative net margin of 2.71%. On average, research analysts anticipate that Hyster-Yale will post -2.75 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of HY. Optiver Holding B.V. purchased a new stake in shares of Hyster-Yale during the first quarter worth approximately $33,000. Bank of America Corp DE grew its position in Hyster-Yale by 14.2% in the 1st quarter. Bank of America Corp DE now owns 31,867 shares of the industrial products company’s stock valued at $1,036,000 after buying an additional 3,951 shares during the last quarter. Amundi grew its position in Hyster-Yale by 38.9% in the 1st quarter. Amundi now owns 12,520 shares of the industrial products company’s stock valued at $407,000 after buying an additional 3,507 shares during the last quarter. Parvin Asset Management LLC increased its stake in Hyster-Yale by 10.3% in the 1st quarter. Parvin Asset Management LLC now owns 8,870 shares of the industrial products company’s stock valued at $288,000 after buying an additional 825 shares during the period. Finally, Empowered Funds LLC raised its position in Hyster-Yale by 9.6% during the 1st quarter. Empowered Funds LLC now owns 73,025 shares of the industrial products company’s stock worth $2,374,000 after buying an additional 6,416 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.
About Hyster-Yale
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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