Hyster-Yale (NYSE:HY) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• Hyster-Yale has received a "hold (C-)" rating from Weiss Ratings while Zacks Research upgraded the company from a "strong sell" to a "hold" rating.
• The stock currently trades at approximately $36.03 with a market capitalization of $638.45 million, having a 52-week trading range of $34.13 to $69.28.
• In its latest quarterly earnings report, Hyster-Yale missed EPS estimates by $0.40, reporting a loss of ($0.14), despite generating revenues of $956.60 million.

Hyster-Yale (NYSE:HY - Get Free Report)'s stock had its "hold (c-)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded Hyster-Yale from a "strong sell" rating to a "hold" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $70.00.

Hyster-Yale Price Performance

Hyster-Yale stock opened at $36.03 on Wednesday. The stock has a market capitalization of $638.45 million, a price-to-earnings ratio of 29.06 and a beta of 1.51. Hyster-Yale has a 52-week low of $34.13 and a 52-week high of $69.28. The stock's 50 day moving average price is $37.37 and its two-hundred day moving average price is $39.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.65 and a current ratio of 1.40.

Hyster-Yale (NYSE:HY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported ($0.14) earnings per share (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 return on equity of 9.57% and a net margin of 0.56%. On average, equities analysts predict that Hyster-Yale will post 8.85 earnings per share for the current year.

Hedge Funds Weigh In On Hyster-Yale

A number of large investors have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its holdings in shares of Hyster-Yale by 1.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 860,607 shares of the industrial products company's stock worth $34,235,000 after purchasing an additional 14,700 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Hyster-Yale by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 327,204 shares of the industrial products company's stock worth $13,016,000 after purchasing an additional 24,389 shares in the last quarter. Valueworks LLC lifted its holdings in shares of Hyster-Yale by 10.4% in the 1st quarter. Valueworks LLC now owns 282,907 shares of the industrial products company's stock worth $11,752,000 after purchasing an additional 26,567 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hyster-Yale by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 273,528 shares of the industrial products company's stock worth $10,883,000 after purchasing an additional 10,507 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Hyster-Yale by 18.2% in the 2nd quarter. Acadian Asset Management LLC now owns 190,471 shares of the industrial products company's stock valued at $7,566,000 after buying an additional 29,312 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors.

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.

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