Algert Global LLC Has $1.46 Million Holdings in Hyster-Yale, Inc. $HY

Key Points

• Algert Global LLC increased its stake in Hyster-Yale, Inc. by 46.4% in Q1, owning 35,194 shares worth approximately $1.46 million.
• Hyster-Yale recently announced a quarterly dividend of $0.36 per share, with a yield of 3.7%, despite a current payout ratio of 116.13%.
• Brokerages have issued a consensus rating of "Hold" for Hyster-Yale, with a target price of $70.00, amidst a mix of ratings following recent earnings results.

Algert Global LLC lifted its stake in shares of Hyster-Yale, Inc. (NYSE:HY - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,194 shares of the industrial products company's stock after acquiring an additional 11,149 shares during the quarter. Algert Global LLC owned 0.20% of Hyster-Yale worth $1,462,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Hyster-Yale by 15.2% during the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company's stock worth $83,000 after acquiring an additional 263 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Hyster-Yale by 17.4% during the 4th 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 in the last quarter. Isthmus Partners LLC boosted its stake in shares of Hyster-Yale by 1.0% during the 1st quarter. Isthmus Partners LLC now owns 47,674 shares of the industrial products company's stock worth $1,980,000 after acquiring an additional 490 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hyster-Yale during the 4th quarter worth $27,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Hyster-Yale in the fourth quarter worth $36,000. 46.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on HY. Zacks Research raised Hyster-Yale to a "strong sell" rating in a research report on Friday, August 8th. Wall Street Zen cut Hyster-Yale from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One 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, the stock has an average rating of "Hold" and a consensus price target of $70.00.

Hyster-Yale Stock Down 1.8%

HY traded down $0.69 during trading on Wednesday, reaching $38.61. 34,449 shares of the stock traded hands, compared to its average volume of 73,294. The stock has a market cap of $684.17 million, a price-to-earnings ratio of 31.13 and a beta of 1.53. Hyster-Yale, Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $69.28. 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 stock's 50-day simple moving average is $40.14 and its two-hundred day simple moving average is $41.97.

Hyster-Yale (NYSE:HY - Get Free Report) last released 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). The firm had revenue of $956.60 million for the quarter, compared to analyst estimates 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 expect that Hyster-Yale, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 3.7%. Hyster-Yale's dividend payout ratio (DPR) is presently 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.