Hyster-Yale (NYSE:HY) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Hyster‑Yale shares recently crossed above their 200‑day moving average of $33.84, trading as high as $40.91 and last at $39.16 on a volume of 94,374 shares.
• Analyst sentiment is mixed-to-negative: MarketBeat shows a consensus rating of Reduce with a $45 target, with one upgrade (Northland to Outperform, $50) but several downgrades from Wall Street Zen, Zacks and Weiss.
• Fundamentals are weak after a large quarterly EPS miss (‑$2.06 vs. ‑$1.20 estimate) and negative margins/ROE, though the company pays a quarterly dividend that yields about 3.7%.

Hyster-Yale, Inc. (NYSE:HY - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.84 and traded as high as $40.91. Hyster-Yale shares last traded at $39.1560, with a volume of 94,374 shares traded.

Analyst Ratings Changes

HY has been the topic of a number of research reports. Northland Securities raised shares of Hyster-Yale from a "market perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a report on Monday, March 2nd. Wall Street Zen lowered shares of Hyster-Yale from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Zacks Research lowered shares of Hyster-Yale from a "hold" rating to a "strong sell" rating in a report on Friday, March 6th. Finally, Weiss Ratings lowered shares of Hyster-Yale from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $45.00.

Hyster-Yale Stock Down 2.7%

The stock's fifty day simple moving average is $35.27 and its two-hundred day simple moving average is $33.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.71 and a current ratio of 1.34. The stock has a market capitalization of $700.89 million, a P/E ratio of -11.52 and a beta of 1.56.

Hyster-Yale (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The industrial products company reported ($2.06) EPS for the quarter, missing analysts' consensus estimates of ($1.20) by ($0.86). Hyster-Yale had a negative net margin of 1.59% and a negative return on equity of 6.12%. The firm had revenue of $923.20 million during the quarter, compared to the consensus estimate of $916.43 million. As a group, research analysts expect that Hyster-Yale, Inc. will post -1.95 EPS for the current fiscal year.

Hyster-Yale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, February 27th. Hyster-Yale's dividend payout ratio is currently -42.35%.

Institutional Investors Weigh In On Hyster-Yale

A number of institutional investors have recently modified their holdings of HY. State of Alaska Department of Revenue bought a new stake in shares of Hyster-Yale in the 3rd quarter valued at $27,000. Kestra Advisory Services LLC bought a new stake in shares of Hyster-Yale in the 4th quarter valued at $61,000. Aquatic Capital Management LLC boosted its stake in shares of Hyster-Yale by 71.9% in the 3rd quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company's stock valued at $124,000 after purchasing an additional 1,410 shares during the last quarter. Amundi boosted its stake in shares of Hyster-Yale by 10.1% in the 1st quarter. Amundi now owns 4,844 shares of the industrial products company's stock valued at $201,000 after purchasing an additional 444 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Hyster-Yale by 19.2% in the 3rd quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 1,036 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Company Profile

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company's product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.

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