Hyster-Yale, Inc. $HY Shares Sold by Invesco Ltd.

Invesco Ltd. cut its stake in shares of Hyster-Yale, Inc. (NYSE:HY) by 8.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,874 shares of the industrial products company’s stock after selling 2,527 shares during the quarter. Invesco Ltd. owned about 0.16% of Hyster-Yale worth $1,158,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HY. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hyster-Yale in the fourth quarter valued at about $27,000. Mattson Financial Services LLC acquired a new stake in shares of Hyster-Yale in the fourth quarter valued at approximately $36,000. US Bancorp DE grew its position 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 purchasing an additional 263 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 448 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of Hyster-Yale in the fourth quarter valued at approximately $242,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on HY shares. 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 upgraded shares of Hyster-Yale to a “strong sell” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.00.

Hyster-Yale Price Performance

Hyster-Yale stock opened at $37.50 on Tuesday. Hyster-Yale, Inc. has a 12-month low of $34.13 and a 12-month high of $69.28. The stock has a market capitalization of $664.41 million, a P/E ratio of 30.24 and a beta of 1.53. The firm’s 50-day moving average is $40.10 and its two-hundred day moving average is $41.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.40 and a quick ratio of 0.65.

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

Hyster-Yale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, August 29th. Hyster-Yale’s dividend payout ratio is presently 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.