MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Hyster-Yale, Inc. $HY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hyster-Yale, Inc. by 15.3%, acquiring an additional 11,714 shares during Q1, bringing its total ownership to 88,060 shares valued at approximately $3.66 million.
• Hyster-Yale recently announced a quarterly dividend of $0.36 per share, resulting in a 4.0% yield, with a payout ratio currently at 116.13%.
• Despite a revenue of $956.60 million in its latest quarterly earnings report, Hyster-Yale posted a loss of ($0.14) per share, missing analyst expectations by ($0.40).

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hyster-Yale, Inc. (NYSE:HY - Free Report) by 15.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,060 shares of the industrial products company's stock after purchasing an additional 11,714 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.50% of Hyster-Yale worth $3,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hyster-Yale during the fourth quarter valued at about $27,000. Mattson Financial Services LLC acquired a new position in shares of Hyster-Yale during the fourth quarter valued at about $36,000. US Bancorp DE raised its holdings in shares of Hyster-Yale by 15.2% during the first quarter. US Bancorp DE now owns 1,989 shares of the industrial products company's stock valued at $83,000 after purchasing an additional 263 shares during the period. Quantbot Technologies LP raised its holdings in shares of Hyster-Yale by 25.8% during the first quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company's stock valued at $169,000 after purchasing an additional 835 shares during the period. Finally, Amundi raised its holdings in shares of Hyster-Yale by 10.1% during the first quarter. Amundi now owns 4,844 shares of the industrial products company's stock valued at $201,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Stock Up 5.2%

Hyster-Yale stock traded up $1.87 during midday trading on Thursday, hitting $37.92. 115,435 shares of the stock were exchanged, compared to its average volume of 79,537. Hyster-Yale, Inc. has a 52-week low of $34.13 and a 52-week high of $69.28. The stock has a market capitalization of $671.87 million, a price-to-earnings ratio of 30.58 and a beta of 1.53. The business's 50-day moving average price is $38.90 and its 200-day moving average price is $40.27. The company has a quick ratio of 0.65, a current ratio of 1.40 and a debt-to-equity ratio of 0.45.

Hyster-Yale (NYSE:HY - Get Free Report) last released its quarterly 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 return on equity of 9.57% and a net margin of 0.56%.The firm had revenue of $956.60 million for the quarter, compared to analysts' expectations of $936.90 million. On average, research analysts expect that Hyster-Yale, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, August 29th. This represents a $1.44 annualized dividend and a yield of 3.8%. Hyster-Yale's payout ratio is 116.13%.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hyster-Yale to a "strong sell" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Hyster-Yale currently has an average rating of "Hold" and an average target price 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.