Hyster-Yale (NYSE:HY) Trading Up 7.9% – Should You Buy?

by · The Markets Daily

Hyster-Yale, Inc. (NYSE:HY – Get Free Report)’s share price was up 7.9% during mid-day trading on Wednesday . The stock traded as high as $32.19 and last traded at $32.10. Approximately 100,897 shares traded hands during trading, an increase of 31% from the average daily volume of 77,266 shares. The stock had previously closed at $29.75.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Hyster-Yale in a report on Wednesday, October 8th. Zacks Research raised shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Roth Capital set a $40.00 price target on shares of Hyster-Yale in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.00.

Get Our Latest Stock Analysis on Hyster-Yale

Hyster-Yale Stock Down 3.5%

The business has a 50 day moving average of $33.52 and a 200-day moving average of $37.46. The stock has a market cap of $599.17 million, a PE ratio of 241.40 and a beta of 1.46. The company has a current ratio of 1.39, a quick ratio of 0.68 and a debt-to-equity ratio of 0.47.

Hyster-Yale (NYSE:HY – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12). Hyster-Yale had a return on equity of 5.93% and a net margin of 0.07%.The business had revenue of $979.10 million for the quarter, compared to analysts’ expectations of $955.69 million. Equities research analysts predict that Hyster-Yale, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.44 annualized dividend and a dividend yield of 4.3%. Hyster-Yale’s dividend payout ratio (DPR) is currently 1,028.57%.

Hedge Funds Weigh In On Hyster-Yale

Several institutional investors and hedge funds have recently added to or reduced their stakes in HY. State of Alaska Department of Revenue acquired a new position in Hyster-Yale during the third quarter worth $27,000. US Bancorp DE increased its stake in shares of Hyster-Yale by 15.2% during the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 263 shares in the last quarter. Aquatic Capital Management LLC increased its position in Hyster-Yale by 71.9% during the third 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 in the last quarter. Quantbot Technologies LP raised its stake in Hyster-Yale by 25.8% in the 1st quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 835 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Hyster-Yale by 1,641.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the industrial products company’s stock valued at $172,000 after buying an additional 4,071 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Company Profile

(Get Free Report)

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.

Read More