Truvestments Capital LLC Purchases 36,786 Shares of Hyster-Yale, Inc. $HY

Key Points

• Truvestments Capital LLC has increased its stake in Hyster-Yale, Inc. by 89.4%, owning 77,918 shares valued at approximately $3.24 million as of the latest SEC filing.
• The company reported a quarterly earnings miss with an EPS of ($0.14), falling short of the expected $0.26, despite revenues of $956.60 million.
• Hyster-Yale announced a quarterly dividend of $0.36 per share, with an ex-dividend date set for August 29, representing a 3.6% yield.

Truvestments Capital LLC increased its position in Hyster-Yale, Inc. (NYSE:HY - Free Report) by 89.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,918 shares of the industrial products company's stock after acquiring an additional 36,786 shares during the period. Truvestments Capital LLC owned approximately 0.44% of Hyster-Yale worth $3,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hyster-Yale during the 4th quarter valued at about $27,000. Mattson Financial Services LLC bought a new position in Hyster-Yale during the fourth quarter valued at approximately $36,000. US Bancorp DE raised its position in 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 acquiring an additional 263 shares in the last quarter. CANADA LIFE ASSURANCE Co raised 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 valued at $125,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Hyster-Yale by 17.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 448 shares during the period. Institutional investors own 46.47% of the company's stock.

Hyster-Yale Trading Down 2.5%

Shares of HY stock traded down $0.96 on Friday, reaching $37.50. The company had a trading volume of 72,086 shares, compared to its average volume of 82,262. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. The stock has a market cap of $664.41 million, a PE ratio of 30.24 and a beta of 1.53. The company has a 50-day moving average of $40.12 and a 200-day moving average of $41.67. Hyster-Yale, Inc. has a 12 month low of $34.13 and a 12 month high of $69.28.

Hyster-Yale (NYSE:HY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.40). Hyster-Yale had a net margin of 0.56% and a return on equity of 9.57%. The business had revenue of $956.60 million during the quarter, compared to analyst estimates of $936.90 million. On average, equities analysts forecast that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, August 29th. Hyster-Yale's dividend payout ratio is 116.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Hyster-Yale to a "strong sell" rating in a research note on Friday, August 8th. Wall Street Zen cut Hyster-Yale from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hyster-Yale has a consensus rating of "Hold" and an average 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.