Hyster-Yale, Inc. $HY Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its position in shares of Hyster-Yale, Inc. (NYSE:HY) by 69.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,445 shares of the industrial products company’s stock after selling 17,216 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hyster-Yale were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HY. State of Alaska Department of Revenue acquired a new stake in shares of Hyster-Yale during the third quarter worth $27,000. A&I Financial Services LLC lifted its holdings in Hyster-Yale by 12.4% in the third quarter. A&I Financial Services LLC now owns 13,594 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 1,499 shares during the last quarter. SG Americas Securities LLC acquired a new position in Hyster-Yale in the third quarter valued at approximately $402,000. Inspire Investing LLC grew its holdings in shares of Hyster-Yale by 27.9% during the third quarter. Inspire Investing LLC now owns 12,438 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 2,713 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of Hyster-Yale by 216.4% during the second quarter. Engineers Gate Manager LP now owns 23,323 shares of the industrial products company’s stock valued at $928,000 after purchasing an additional 15,951 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Hyster-Yale Stock Performance

Shares of HY stock opened at $34.94 on Friday. Hyster-Yale, Inc. has a 12-month low of $26.41 and a 12-month high of $57.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 0.68. The firm has a market capitalization of $619.63 million, a price-to-earnings ratio of 249.59 and a beta of 1.56. The business has a 50 day simple moving average of $32.42 and a 200 day simple moving average of $34.87.

Hyster-Yale (NYSE:HY) last released its quarterly earnings results 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). 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 5.93% and a net margin of 0.07%. On average, equities research analysts anticipate that Hyster-Yale, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, December 1st. Hyster-Yale’s dividend payout ratio is currently 1,028.57%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Roth Mkm set a $40.00 price target on Hyster-Yale in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyster-Yale in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hyster-Yale currently has an average rating of “Hold” and an average target price of $40.00.

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.