AlphaQuest LLC Purchases 15,571 Shares of Hyster-Yale, Inc. $HY

Key Points

• AlphaQuest LLC significantly increased its stake in Hyster-Yale, Inc. by purchasing additional shares, bringing its total investment to approximately $647,000.
• Despite an increase in revenue to $956.60 million, Hyster-Yale reported a loss of ($0.14) earnings per share, missing analysts' expectations.
• Hyster-Yale recently announced a quarterly dividend of $0.36 per share, with a yield of 3.7%, although its dividend payout ratio stands at 116.13%.

AlphaQuest LLC boosted its stake in shares of Hyster-Yale, Inc. (NYSE:HY - Free Report) by 1,557,100.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,572 shares of the industrial products company's stock after purchasing an additional 15,571 shares during the period. AlphaQuest LLC owned about 0.09% of Hyster-Yale worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HY. Martingale Asset Management L P lifted its holdings in shares of Hyster-Yale by 20.1% during the 1st quarter. Martingale Asset Management L P now owns 18,831 shares of the industrial products company's stock valued at $782,000 after buying an additional 3,157 shares during the period. Quantbot Technologies LP lifted its holdings in Hyster-Yale by 25.8% in the first quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company's stock valued at $169,000 after acquiring an additional 835 shares during the period. Algert Global LLC lifted its holdings in Hyster-Yale by 46.4% in the first quarter. Algert Global LLC now owns 35,194 shares of the industrial products company's stock valued at $1,462,000 after acquiring an additional 11,149 shares during the period. American Century Companies Inc. lifted its holdings in Hyster-Yale by 10.1% in the first quarter. American Century Companies Inc. now owns 302,815 shares of the industrial products company's stock valued at $12,579,000 after acquiring an additional 27,891 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Hyster-Yale by 14.4% in the 1st quarter. Russell Investments Group Ltd. now owns 9,381 shares of the industrial products company's stock worth $390,000 after purchasing an additional 1,181 shares during the period. Institutional investors own 46.47% of the company's stock.

Hyster-Yale Price Performance

Shares of Hyster-Yale stock traded down $0.96 on Friday, hitting $37.50. 72,086 shares of the company traded hands, compared to its average volume of 82,262. Hyster-Yale, Inc. has a 52 week low of $34.13 and a 52 week high of $69.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.65 and a current ratio of 1.40. The business has a 50-day simple moving average of $40.12 and a 200 day simple moving average of $41.74. The stock has a market capitalization of $664.41 million, a P/E ratio of 30.24 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 (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.40). Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%.The firm had revenue of $956.60 million during the quarter, compared to the consensus estimate of $936.90 million. Research analysts expect that Hyster-Yale, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th will be issued a $0.36 dividend. The ex-dividend date is Friday, August 29th. 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HY shares. Zacks Research upgraded shares of Hyster-Yale to a "strong sell" rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Hyster-Yale from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $70.00.

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.