Hyster-Yale Materials Handling (HY) Earning Somewhat Favorable Press Coverage, Report Shows
Media stories about Hyster-Yale Materials Handling (NYSE:HY) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hyster-Yale Materials Handling earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.1389896507214 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Global Forklift Truck Market Expand at the Fastest CAGR Growth of 6.9% Through 2021 (sbwire.com)
- Hyster-Yale Materials Handling, Inc. – Value Analysis (NYSE:HY) : September 14, 2017 (finance.yahoo.com)
- Hyster-Yale Materials Handling (HY) and CNH Industrial NV (CNHI) Head-To-Head Review (americanbankingnews.com)
- Automated Guided Vehicle Market to Witness an Outstanding Growth by 2025 (sbwire.com)
- Hyster-Yale Materials Handling, Inc. breached its 50 day moving average in a Bullish Manner : HY-US : September 12, 2017 (finance.yahoo.com)
HY has been the topic of a number of research reports. Zacks Investment Research cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Sidoti cut Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a report on Wednesday, June 7th. Finally, ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Hyster-Yale Materials Handling currently has an average rating of “Hold” and an average target price of $74.75.
Shares of Hyster-Yale Materials Handling (HY) traded up 1.40% during trading on Friday, hitting $72.65. The company had a trading volume of 88,964 shares. Hyster-Yale Materials Handling has a 52 week low of $47.69 and a 52 week high of $76.50. The firm’s 50 day moving average is $68.58 and its 200-day moving average is $66.93. The stock has a market capitalization of $1.20 billion, a P/E ratio of 20.29 and a beta of 1.05.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.3025 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.67%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 33.80%.
In related news, insider Frank F. Taplin sold 1,464 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $68.25, for a total value of $99,918.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Sichel sold 1,250 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $64.46, for a total value of $80,575.00. Following the completion of the sale, the insider now owns 16,850 shares in the company, valued at $1,086,151. The disclosure for this sale can be found here. 26.34% of the stock is currently owned by insiders.
Hyster-Yale Materials Handling Company Profile
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.
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