Hyster-Yale (NYSE:HY) Sets New 12-Month Low – Here’s What Happened

Hyster-Yale, Inc. (NYSE:HY) shares reached a new 52-week low during trading on Monday . The company traded as low as $28.45 and last traded at $28.5150, with a volume of 84823 shares changing hands. The stock had previously closed at $29.29.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyster-Yale in a research note on Wednesday, October 8th. Finally, Roth Capital set a $40.00 price objective on shares of Hyster-Yale in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hyster-Yale has an average rating of “Hold” and a consensus price target of $40.00.

Hyster-Yale Stock Performance

The company has a market cap of $508.15 million, a PE ratio of 23.03 and a beta of 1.57. The stock has a 50 day simple moving average of $35.59 and a two-hundred day simple moving average of $38.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.40 and a quick ratio of 0.65.

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

Hyster-Yale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, December 1st. Hyster-Yale’s dividend payout ratio is presently 1,028.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Aquatic Capital Management LLC raised its stake in shares of 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 worth $124,000 after purchasing an additional 1,410 shares during the last quarter. Algert Global LLC raised its position in Hyster-Yale by 13.2% during the 3rd quarter. Algert Global LLC now owns 37,454 shares of the industrial products company’s stock worth $1,381,000 after buying an additional 4,380 shares during the last quarter. Amundi acquired a new stake in shares of Hyster-Yale in the 3rd quarter worth $313,000. Brooklyn Investment Group lifted its stake in shares of Hyster-Yale by 3,605.6% in the 3rd quarter. Brooklyn Investment Group now owns 8,671 shares of the industrial products company’s stock worth $320,000 after acquiring an additional 8,437 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Hyster-Yale by 39.8% in the third quarter. Two Sigma Investments LP now owns 57,880 shares of the industrial products company’s stock valued at $2,133,000 after acquiring an additional 16,465 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Company Profile

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.