Russell Investments Group Ltd. Buys 1,181 Shares of Hyster-Yale, Inc. $HY

Russell Investments Group Ltd. increased its holdings in Hyster-Yale, Inc. (NYSE:HY) by 14.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,381 shares of the industrial products company’s stock after acquiring an additional 1,181 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of Hyster-Yale worth $390,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Hyster-Yale in the first quarter worth about $1,262,000. Koss Olinger Consulting LLC purchased a new stake in shares of Hyster-Yale during the first quarter valued at about $511,000. PNC Financial Services Group Inc. lifted its position in shares of Hyster-Yale by 148.0% during the first quarter. PNC Financial Services Group Inc. now owns 59,433 shares of the industrial products company’s stock valued at $2,469,000 after buying an additional 35,466 shares during the last quarter. US Bancorp DE lifted its position in shares of Hyster-Yale by 15.2% during the first quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock valued at $83,000 after buying an additional 263 shares during the last quarter. Finally, Shufro Rose & Co. LLC lifted its position in shares of Hyster-Yale by 14.9% during the first quarter. Shufro Rose & Co. LLC now owns 10,340 shares of the industrial products company’s stock valued at $430,000 after buying an additional 1,340 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Hyster-Yale Stock Down 2.5%

HY stock opened at $37.50 on Monday. The firm has a 50 day moving average of $40.12 and a 200 day moving average of $41.60. The stock has a market capitalization of $664.45 million, a PE ratio of 30.24 and a beta of 1.53. The company has a quick ratio of 0.65, a current ratio of 1.40 and a debt-to-equity ratio of 0.45. Hyster-Yale, Inc. has a 52 week low of $34.13 and a 52 week high of $69.28.

Hyster-Yale (NYSE:HY) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). The business had revenue of $956.60 million for the quarter, compared to analysts’ expectations of $936.90 million. Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%. Sell-side analysts forecast that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 29th will be paid 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 yield of 3.8%. Hyster-Yale’s dividend payout ratio (DPR) is currently 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.