Assenagon Asset Management S.A. Purchases New Holdings in Hyster-Yale, Inc. $HY

Key Points

• Assenagon Asset Management S.A. acquired 17,687 shares of Hyster-Yale, Inc., valued at approximately $704,000, marking a new stake in the company.
• Hyster-Yale's shares recently traded at $37.09, with a market cap of $657.25 million and a 1-year low of $34.13, highlighting fluctuations in stock performance.
• The company reported earnings of ($0.14) per share, missing analysts' expectations, while also declaring a quarterly dividend of $0.36 per share, representing an annual yield of 3.9%.

Assenagon Asset Management S.A. purchased a new stake in shares of Hyster-Yale, Inc. (NYSE:HY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,687 shares of the industrial products company's stock, valued at approximately $704,000. Assenagon Asset Management S.A. owned about 0.10% of Hyster-Yale as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE lifted its position in shares of Hyster-Yale by 15.2% in the first quarter. US Bancorp DE now owns 1,989 shares of the industrial products company's stock valued at $83,000 after buying an additional 263 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of 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 buying an additional 835 shares during the last quarter. Amundi lifted its position in shares of Hyster-Yale by 10.1% in the first quarter. Amundi now owns 4,844 shares of the industrial products company's stock valued at $201,000 after buying an additional 444 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Hyster-Yale in the fourth quarter valued at approximately $242,000. Finally, Inspire Investing LLC lifted its position in shares of Hyster-Yale by 4.5% in the first quarter. Inspire Investing LLC now owns 8,232 shares of the industrial products company's stock valued at $342,000 after buying an additional 358 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Zacks Research raised Hyster-Yale to a "strong sell" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $70.00.

Hyster-Yale Price Performance

Shares of NYSE HY opened at $37.09 on Friday. The firm has a market cap of $657.25 million, a P/E ratio of 29.91 and a beta of 1.53. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. Hyster-Yale, Inc. has a 1-year low of $34.13 and a 1-year high of $69.28. The business's 50 day moving average is $38.39 and its 200-day moving average is $39.90.

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

Hyster-Yale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, August 29th. Hyster-Yale's dividend payout ratio (DPR) 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.

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