Koss Olinger Consulting LLC Purchases Shares of 12,298 Hyster-Yale, Inc. (NYSE:HY)

Key Points

• Koss Olinger Consulting LLC purchased 12,298 shares of Hyster-Yale, Inc., valued at approximately $511,000, marking its entry into the stock during the first quarter.
• The company reported a quarterly earnings loss of ($0.14) EPS, significantly missing the consensus estimate of $0.26, even though quarterly revenue exceeded expectations at $956.60 million.
• Hyster-Yale increased its quarterly dividend to $0.36 per share, reflecting a 4.0% yield, despite a high payout ratio of 116.13%.

Koss Olinger Consulting LLC bought a new stake in Hyster-Yale, Inc. (NYSE:HY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,298 shares of the industrial products company's stock, valued at approximately $511,000. Koss Olinger Consulting LLC owned about 0.07% of Hyster-Yale at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP purchased a new stake in Hyster-Yale during the fourth quarter worth $3,265,000. JPMorgan Chase & Co. raised its holdings in shares of Hyster-Yale by 165.5% in the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company's stock worth $3,220,000 after acquiring an additional 39,415 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings 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 worth $2,469,000 after acquiring an additional 35,466 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Hyster-Yale by 76.3% in the fourth quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company's stock worth $4,120,000 after acquiring an additional 35,000 shares during the last quarter. Finally, Brightline Capital Management LLC acquired a new position in shares of Hyster-Yale in the fourth quarter worth $1,528,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Hyster-Yale Stock Up 2.6%

Shares of NYSE HY traded up $0.98 on Wednesday, hitting $38.06. The company had a trading volume of 1,445 shares, compared to its average volume of 73,886. Hyster-Yale, Inc. has a 12-month low of $34.13 and a 12-month high of $69.28. The business has a 50 day moving average of $40.77 and a two-hundred day moving average of $43.03. The company has a quick ratio of 0.65, a current ratio of 1.40 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $674.04 million, a P/E ratio of 30.69 and a beta of 1.53.

Hyster-Yale (NYSE:HY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.40). The business had revenue of $956.60 million during the quarter, compared to analysts' expectations of $936.90 million. Hyster-Yale had a net margin of 0.56% and a return on equity of 9.57%. As a group, equities research analysts forecast that Hyster-Yale, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.8%. Hyster-Yale's payout ratio is 116.13%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Hyster-Yale from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th.

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.