Vontobel Holding Ltd. Has $4.47 Million Holdings in Hyster-Yale, Inc. (NYSE:HY)

Vontobel Holding Ltd. increased its holdings in Hyster-Yale, Inc. (NYSE:HY - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,486 shares of the industrial products company's stock after purchasing an additional 26,414 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.61% of Hyster-Yale worth $4,465,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HY. Scotia Capital Inc. boosted its position in Hyster-Yale by 0.7% during the fourth quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company's stock valued at $1,623,000 after acquiring an additional 223 shares during the last quarter. Isthmus Partners LLC boosted its position in Hyster-Yale by 0.5% during the fourth quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company's stock valued at $2,403,000 after acquiring an additional 238 shares during the last quarter. US Bancorp DE boosted its position in Hyster-Yale by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock valued at $88,000 after acquiring an additional 389 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in 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 valued at $154,000 after acquiring an additional 448 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Hyster-Yale by 1.1% during the fourth quarter. Sei Investments Co. now owns 46,210 shares of the industrial products company's stock valued at $2,353,000 after acquiring an additional 507 shares during the last quarter. Institutional investors own 46.47% of the company's stock.

Hyster-Yale Stock Down 2.1%

Shares of NYSE HY traded down $0.88 during trading on Monday, hitting $41.66. 66,586 shares of the company traded hands, compared to its average volume of 77,831. The business's fifty day moving average is $40.65 and its 200 day moving average is $44.89. Hyster-Yale, Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $84.44. The firm has a market capitalization of $737.80 million, a price-to-earnings ratio of 7.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.65 and a current ratio of 1.38.

Hyster-Yale (NYSE:HY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share 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. Equities research analysts predict that Hyster-Yale, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Hyster-Yale's previous quarterly dividend of $0.35. Hyster-Yale's dividend payout ratio is currently 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.