Hyster-Yale (NYSE:HY) Sets New 52-Week Low – Should You Sell?

Hyster-Yale, Inc. (NYSE:HY) shares reached a new 52-week low on Tuesday . The company traded as low as $30.90 and last traded at $31.20, with a volume of 16876 shares trading hands. The stock had previously closed at $31.78.

Analyst Upgrades and Downgrades

HY has been the topic of several recent analyst reports. Roth Capital set a $40.00 target price on Hyster-Yale in a research note on Thursday. Zacks Research raised shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hyster-Yale in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.00.

Hyster-Yale Price Performance

The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $36.20 and its two-hundred day moving average price is $38.85. The stock has a market cap of $531.98 million, a PE ratio of 24.35 and a beta of 1.57.

Hyster-Yale (NYSE:HY) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The business had revenue of $979.10 million during the quarter, compared to the consensus estimate of $955.69 million. Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%. On average, equities analysts expect that Hyster-Yale, Inc. will post 8.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hyster-Yale

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Hyster-Yale by 110.6% in the 1st quarter. AQR Capital Management LLC now owns 79,582 shares of the industrial products company’s stock valued at $3,306,000 after buying an additional 41,795 shares during the period. Bridgeway Capital Management LLC raised its holdings in Hyster-Yale by 133.7% in the 1st quarter. Bridgeway Capital Management LLC now owns 68,701 shares of the industrial products company’s stock worth $2,854,000 after purchasing an additional 39,302 shares during the period. Truvestments Capital LLC boosted its position in Hyster-Yale by 89.4% during the first quarter. Truvestments Capital LLC now owns 77,918 shares of the industrial products company’s stock worth $3,237,000 after purchasing an additional 36,786 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Hyster-Yale by 252.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 50,220 shares of the industrial products company’s stock valued at $1,998,000 after buying an additional 35,957 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Hyster-Yale by 148.0% in the first quarter. PNC Financial Services Group Inc. now owns 59,433 shares of the industrial products company’s stock valued at $2,469,000 after buying an additional 35,466 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

About Hyster-Yale

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.