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 position in Hyster-Yale, Inc. (NYSE:HY - Free Report) during the 1st quarter, according to the company in 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 0.07% of Hyster-Yale at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hyster-Yale in the 4th quarter worth $27,000. Mattson Financial Services LLC acquired a new stake in Hyster-Yale in the 4th quarter worth $36,000. KLP Kapitalforvaltning AS acquired a new stake in Hyster-Yale in the 4th quarter worth $76,000. US Bancorp DE grew its position in Hyster-Yale by 15.2% in the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company's stock worth $83,000 after purchasing an additional 263 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in Hyster-Yale by 164.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company's stock worth $125,000 after purchasing an additional 1,535 shares during the last quarter. Institutional investors own 46.47% of the company's stock.

Analyst Ratings Changes

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

Hyster-Yale Price Performance

Shares of Hyster-Yale stock traded down $0.59 during trading on Thursday, hitting $37.41. 55,236 shares of the company's stock traded hands, compared to its average volume of 75,487. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.40 and a quick ratio of 0.65. The firm's fifty day moving average price is $40.64 and its 200 day moving average price is $42.88. Hyster-Yale, Inc. has a twelve month low of $34.13 and a twelve month high of $69.28. The company has a market cap of $662.46 million, a PE ratio of 30.17 and a beta of 1.53.

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

Hyster-Yale Dividend Announcement

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

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.