Hyster-Yale, Inc. (NYSE:HY) Short Interest Update

Hyster-Yale, Inc. (NYSE:HY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 375,063 shares, a decline of 19.4% from the December 15th total of 465,312 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily volume of 136,812 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 136,812 shares, the short-interest ratio is currently 2.7 days. Currently, 3.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

HY has been the topic of a number of research reports. Roth Capital set a $40.00 price objective on shares of Hyster-Yale in a research note on Thursday, November 6th. Zacks Research raised Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hyster-Yale currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Hyster-Yale Stock Performance

HY traded down $0.44 during trading on Monday, hitting $33.76. The stock had a trading volume of 87,869 shares, compared to its average volume of 88,568. Hyster-Yale has a twelve month low of $26.41 and a twelve month high of $57.89. The company’s 50-day moving average price is $31.06 and its 200 day moving average price is $35.59. The firm has a market capitalization of $598.48 million, a P/E ratio of 241.12 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.68 and a current ratio of 1.39.

Hyster-Yale (NYSE:HY) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The company had revenue of $979.10 million for the quarter, compared to analyst estimates of $955.69 million. Hyster-Yale had a net margin of 0.07% and a return on equity of 5.93%. On average, equities research analysts forecast that Hyster-Yale will post 8.85 EPS for the current fiscal year.

Hyster-Yale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, December 1st. Hyster-Yale’s payout ratio is 1,028.57%.

Institutional Trading of Hyster-Yale

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Hyster-Yale during the 3rd quarter worth approximately $27,000. Aquatic Capital Management LLC raised its holdings in shares of Hyster-Yale by 71.9% in the third 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. Public Employees Retirement System of Ohio lifted its position in shares of Hyster-Yale by 1,641.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 4,071 shares in the last quarter. Amundi grew its position in Hyster-Yale by 10.1% in the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 444 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in 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 buying an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

About Hyster-Yale

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.