12,100 Shares in Hyster-Yale, Inc. $HY Acquired by Strs Ohio

Key Points

• Strs Ohio made a new investment of approximately $503,000 in Hyster-Yale by purchasing 12,100 shares, marking an ownership of about 0.07% of the company.
• In the latest quarter, several institutional investors, including AQR Capital Management and Bridgeway Capital Management, significantly increased their stakes in Hyster-Yale by over 100%.
• Hyster-Yale's stock has received mixed ratings, with a consensus "Hold" rating and a recent downgrade to "strong sell" by Zacks Research.

Strs Ohio purchased a new stake in shares of Hyster-Yale, Inc. (NYSE:HY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,100 shares of the industrial products company's stock, valued at approximately $503,000. Strs Ohio owned 0.07% of Hyster-Yale as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Mattson Financial Services LLC purchased a new position in shares of Hyster-Yale in the fourth quarter valued at about $36,000. 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 acquiring an additional 263 shares in 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 acquiring an additional 835 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Hyster-Yale in the fourth quarter valued at about $242,000. Finally, 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 acquiring an additional 444 shares in the last quarter. Institutional investors own 46.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, Hyster-Yale has an average rating of "Hold" and a consensus price target of $70.00.

Hyster-Yale Trading Up 1.7%

HY stock traded up $0.63 during midday trading on Monday, reaching $37.26. 125,832 shares of the company traded hands, compared to its average volume of 85,788. 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 moving average of $38.69 and a 200-day moving average of $40.10. The firm has a market capitalization of $660.16 million, a price-to-earnings ratio of 30.04 and a beta of 1.53.

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

Hyster-Yale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.9%. Hyster-Yale's dividend payout ratio is currently 116.13%.

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.