Vontobel Holding Ltd. Purchases 26,414 Shares of Hyster-Yale, Inc. (NYSE:HY)

Vontobel Holding Ltd. raised its holdings in Hyster-Yale, Inc. (NYSE:HY - Free Report) by 32.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,486 shares of the industrial products company's stock after acquiring an additional 26,414 shares during the quarter. Vontobel Holding Ltd. owned about 0.61% of Hyster-Yale worth $4,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Scotia Capital Inc. boosted its position in shares of Hyster-Yale by 0.7% during the fourth quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company's stock worth $1,623,000 after purchasing an additional 223 shares in the last quarter. Isthmus Partners LLC boosted its position in shares of Hyster-Yale by 0.5% during the fourth quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company's stock worth $2,403,000 after purchasing an additional 238 shares in the last quarter. US Bancorp DE boosted its position in shares of Hyster-Yale by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock worth $88,000 after purchasing an additional 389 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 448 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Hyster-Yale by 1.1% during the fourth quarter. Sei Investments Co. now owns 46,210 shares of the industrial products company's stock worth $2,353,000 after purchasing an additional 507 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Stock Up 0.6%

HY stock traded up $0.27 during midday trading on Friday, hitting $42.54. The company's stock had a trading volume of 20,815 shares, compared to its average volume of 77,876. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.38 and a quick ratio of 0.65. Hyster-Yale, Inc. has a twelve month low of $34.13 and a twelve month high of $84.44. The company's fifty day moving average price is $40.59 and its 200 day moving average price is $44.99. The stock has a market capitalization of $753.38 million, a P/E ratio of 7.58 and a beta of 1.49.

Hyster-Yale (NYSE:HY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Hyster-Yale had a net margin of 2.39% and a return on equity of 23.11%. The firm had revenue of $910.40 million for the quarter, compared to analyst estimates of $947.80 million. As a group, equities research analysts predict that Hyster-Yale, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.36 dividend. This is a positive change from Hyster-Yale's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.39%. The ex-dividend date was Friday, May 30th. Hyster-Yale's payout ratio is presently 25.67%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Hyster-Yale from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.

About Hyster-Yale

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.