Hyster-Yale (NYSE:HY) Sets New 52-Week Low – Here’s What Happened

Hyster-Yale, Inc. (NYSE:HY) reached a new 52-week low during trading on Monday . The company traded as low as $28.45 and last traded at $28.5150, with a volume of 84823 shares traded. The stock had previously closed at $29.29.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Capital set a $40.00 target price on shares of Hyster-Yale in a report on Thursday, November 6th. Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyster-Yale in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hyster-Yale presently has an average rating of “Hold” and a consensus target price of $40.00.

Hyster-Yale Stock Up 0.1%

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.65 and a current ratio of 1.40. The stock has a market cap of $490.81 million, a price-to-earnings ratio of 22.32 and a beta of 1.57. The business’s 50 day moving average is $35.22 and its 200 day moving average is $38.41.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12). The business had revenue of $979.10 million during the quarter, compared to analysts’ expectations of $955.69 million. Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%. Equities analysts expect that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.2%. The ex-dividend date is Monday, December 1st. Hyster-Yale’s dividend payout ratio is currently 1,028.57%.

Hedge Funds Weigh In On Hyster-Yale

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Hyster-Yale during the third quarter worth $27,000. US Bancorp DE raised its stake in shares of Hyster-Yale by 15.2% during the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 263 shares in the last quarter. Aquatic Capital Management LLC raised its stake in shares of Hyster-Yale by 71.9% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 1,410 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Hyster-Yale by 25.8% during the 1st quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock valued at $169,000 after buying an additional 835 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Hyster-Yale by 1,641.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the industrial products company’s stock valued at $172,000 after buying an additional 4,071 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

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.