Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Equities research analysts at Seaport Global Securities reduced their FY2017 earnings per share (EPS) estimates for shares of Hyster-Yale Materials Handling in a report issued on Friday. Seaport Global Securities analyst M. Shlisky now forecasts that the industrial products company will earn $3.26 per share for the year, down from their prior forecast of $3.60. Seaport Global Securities has a “Neutral” rating and a $56.00 price objective on the stock. Seaport Global Securities also issued estimates for Hyster-Yale Materials Handling’s Q4 2017 earnings at $0.66 EPS, Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $1.33 EPS, Q4 2018 earnings at $1.30 EPS, FY2018 earnings at $5.39 EPS and FY2019 earnings at $6.87 EPS.

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Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Sidoti cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 target price on the stock. in a report on Wednesday, June 7th. TheStreet raised shares of Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a report on Friday, May 12th. Finally, Robert W. Baird raised shares of Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and raised their target price for the company from $62.00 to $84.00 in a report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.75.

Hyster-Yale Materials Handling (HY) opened at 64.49 on Monday. Hyster-Yale Materials Handling has a 1-year low of $47.25 and a 1-year high of $76.50. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 18.01 and a beta of 1.05. The company’s 50 day moving average is $71.81 and its 200 day moving average is $65.51.

A number of hedge funds have recently added to or reduced their stakes in HY. State Street Corp boosted its stake in Hyster-Yale Materials Handling by 2.5% in the fourth quarter. State Street Corp now owns 179,459 shares of the industrial products company’s stock worth $11,443,000 after buying an additional 4,408 shares during the last quarter. Norges Bank bought a new stake in Hyster-Yale Materials Handling during the fourth quarter worth $9,101,000. Teachers Advisors LLC boosted its stake in Hyster-Yale Materials Handling by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 15,061 shares of the industrial products company’s stock worth $960,000 after buying an additional 526 shares during the last quarter. First Trust Advisors LP boosted its stake in Hyster-Yale Materials Handling by 38.7% in the first quarter. First Trust Advisors LP now owns 29,262 shares of the industrial products company’s stock worth $1,650,000 after buying an additional 8,167 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Hyster-Yale Materials Handling by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 96,739 shares of the industrial products company’s stock worth $5,455,000 after buying an additional 5,196 shares during the last quarter. 67.80% of the stock is currently owned by institutional investors.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $73.93, for a total transaction of $103,502.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cory Freyer sold 3,128 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $74.81, for a total transaction of $234,005.68. Following the sale, the insider now directly owns 8,000 shares in the company, valued at approximately $598,480. The disclosure for this sale can be found here. 26.34% of the stock is owned by company insiders.

About Hyster-Yale Materials Handling

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.

Earnings History and Estimates for Hyster-Yale Materials Handling (NYSE:HY)

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