Hyster-Yale (NYSE:HY) Raised to “Hold” at Zacks Research

Hyster-Yale (NYSE:HY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings downgraded shares of Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Finally, Northland Securities upgraded Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hyster-Yale has an average rating of “Hold” and an average price target of $45.00.

Hyster-Yale Stock Performance

HY stock opened at $40.10 on Monday. Hyster-Yale has a twelve month low of $26.41 and a twelve month high of $44.55. The firm has a market cap of $717.81 million, a price-to-earnings ratio of -11.79 and a beta of 1.66. The business’s fifty day simple moving average is $35.26 and its two-hundred day simple moving average is $33.95. The company has a quick ratio of 0.71, a current ratio of 1.34 and a debt-to-equity ratio of 0.53.

Hyster-Yale (NYSE:HY) last issued its earnings results on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.02) by $0.38. The firm had revenue of $795.20 million during the quarter, compared to analyst estimates of $878.10 million. Hyster-Yale had a negative net margin of 1.59% and a negative return on equity of 6.12%. Analysts predict that Hyster-Yale will post -2.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HY. State of Alaska Department of Revenue bought a new stake in shares of Hyster-Yale in the 3rd quarter valued at about $27,000. Kestra Advisory Services LLC purchased a new position in Hyster-Yale during the fourth quarter valued at approximately $61,000. Aquatic Capital Management LLC increased its holdings 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 valued at $124,000 after buying an additional 1,410 shares during the period. Amundi raised its stake in Hyster-Yale by 10.1% in the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after buying an additional 444 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in Hyster-Yale by 19.2% in the third quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock worth $237,000 after buying an additional 1,036 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Hyster-Yale Company Profile

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.