Deutsche Bank AG Has $1.13 Million Holdings in Hyster-Yale, Inc. $HY

Key Points

• Deutsche Bank AG has reduced its ownership in Hyster-Yale, Inc. by 38.5%, holding a total of 27,198 shares valued at approximately $1.13 million as of the end of the last quarter.
• Hyster-Yale announced a quarterly dividend of $0.36 per share, with a payout ratio currently at 116.13%, which will be paid on September 16th.
• Despite reporting lower earnings per share of ($0.14) for the recent quarter, Hyster-Yale's revenue exceeded expectations at $956.6 million, against a consensus estimate of $936.9 million.

Deutsche Bank AG cut its stake in shares of Hyster-Yale, Inc. (NYSE:HY - Free Report) by 38.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,198 shares of the industrial products company's stock after selling 17,010 shares during the period. Deutsche Bank AG owned 0.15% of Hyster-Yale worth $1,130,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HY. Raymond James Financial Inc. acquired a new stake in Hyster-Yale during the fourth quarter worth approximately $417,000. CANADA LIFE ASSURANCE Co lifted its position in Hyster-Yale by 164.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company's stock worth $125,000 after acquiring an additional 1,535 shares during the last quarter. First Trust Advisors LP acquired a new stake in Hyster-Yale during the fourth quarter worth approximately $3,265,000. Dimensional Fund Advisors LP lifted its position in Hyster-Yale by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 515,809 shares of the industrial products company's stock worth $26,270,000 after acquiring an additional 5,366 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Hyster-Yale by 17.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company's stock worth $154,000 after acquiring an additional 448 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Stock Up 6.1%

Shares of HY opened at $39.1660 on Friday. Hyster-Yale, Inc. has a 12 month low of $34.13 and a 12 month high of $69.28. The firm's 50 day moving average is $40.15 and its 200-day moving average is $42.15. The stock has a market capitalization of $694.02 million, a PE ratio of 31.59 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 (NYSE:HY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.40). Hyster-Yale had a net margin of 0.56% and a return on equity of 9.57%. The firm had revenue of $956.60 million during the quarter, compared to the consensus estimate of $936.90 million. Equities research analysts forecast 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, September 16th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, August 29th. This represents a $1.44 annualized dividend and a yield of 3.7%. Hyster-Yale's dividend payout ratio is presently 116.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HY shares. Zacks Research upgraded shares of Hyster-Yale to a "strong sell" rating in a research report on Friday, August 8th. Wall Street Zen cut shares of Hyster-Yale from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One 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, Hyster-Yale has a consensus rating of "Hold" and a consensus target price of $70.00.

Hyster-Yale 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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