Hyster-Yale, Inc. (NYSE:HY - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $34.61 and traded as low as $31.50. Hyster-Yale shares last traded at $32.4240, with a volume of 185,296 shares.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Hyster-Yale from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Weiss Ratings reissued a "sell (d)" rating on shares of Hyster-Yale in a research report on Monday, August 3rd. Finally, Roth Capital restated a "buy" rating and issued a $45.00 target price on shares of Hyster-Yale in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $47.50.
Get Our Latest Report on Hyster-Yale
Hyster-Yale Price Performance
The stock has a market cap of $581.36 million, a PE ratio of -4.94 and a beta of 1.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 0.65. The business has a fifty day moving average of $33.79 and a 200 day moving average of $34.61.
Hyster-Yale (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.20) by $0.56. Hyster-Yale had a negative return on equity of 21.03% and a negative net margin of 3.33%.The company had revenue of $812.90 million for the quarter, compared to the consensus estimate of $804.62 million. Sell-side analysts anticipate that Hyster-Yale, Inc. will post -2.91 earnings per share for the current year.
Hyster-Yale Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.3650 per share. This represents a $1.46 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, September 1st. Hyster-Yale's dividend payout ratio is -22.26%.
Institutional Investors Weigh In On Hyster-Yale
Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Hyster-Yale by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 587,683 shares of the industrial products company's stock valued at $19,105,000 after buying an additional 28,642 shares in the last quarter. OP Asset Management Ltd bought a new stake in shares of Hyster-Yale in the 1st quarter valued at approximately $1,833,000. Cooper Haims Advisors LLC bought a new stake in shares of Hyster-Yale in the 2nd quarter valued at approximately $898,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Hyster-Yale during the 1st quarter valued at approximately $8,696,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Hyster-Yale during the second quarter worth $775,000. Institutional investors own 46.47% of the company's stock.
Hyster-Yale Company Profile
(
Get Free Report)
Hyster-Yale Materials Handling, Inc NYSE: HY designs, engineers, manufactures, sells and services materials-handling equipment and related solutions. Its principal products include lift trucks, warehouse equipment and replacement parts used to move, store and manage materials in industrial, distribution, manufacturing and logistics operations.
The company markets its lift trucks and materials-handling products primarily under the Hyster and Yale brand names. Its portfolio includes electric, internal-combustion and fuel-cell-powered lift trucks, as well as warehouse equipment and other specialized solutions.
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