American Century Companies Inc. Has $12.58 Million Position in Hyster-Yale, Inc. $HY

American Century Companies Inc. raised its stake in Hyster-Yale, Inc. (NYSE:HY) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 302,815 shares of the industrial products company’s stock after purchasing an additional 27,891 shares during the period. American Century Companies Inc. owned 1.71% of Hyster-Yale worth $12,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HY. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hyster-Yale in the fourth quarter valued at $27,000. Mattson Financial Services LLC acquired a new position in shares of Hyster-Yale in the fourth quarter valued at about $36,000. US Bancorp DE grew its stake in shares of Hyster-Yale by 15.2% in the first quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 263 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Hyster-Yale by 164.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Hyster-Yale by 17.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 448 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Hyster-Yale to a “strong sell” rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Hyster-Yale from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hyster-Yale has a consensus rating of “Hold” and an average target price of $70.00.

Hyster-Yale Stock Up 0.6%

HY stock opened at $39.2720 on Tuesday. The stock has a market capitalization of $695.94 million, a P/E ratio of 31.67 and a beta of 1.53. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. Hyster-Yale, Inc. has a 12 month low of $34.13 and a 12 month high of $69.28. The firm has a 50-day moving average price of $40.14 and a 200-day moving average price of $41.98.

Hyster-Yale (NYSE:HY) last posted its earnings results on Tuesday, August 5th. The industrial products company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). The company had revenue of $956.60 million during 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%. As a group, equities research analysts anticipate that Hyster-Yale, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.7%. Hyster-Yale’s dividend payout ratio is 116.13%.

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.