Inspire Investing LLC Has $342,000 Stock Position in Hyster-Yale, Inc. $HY

Inspire Investing LLC grew its position in Hyster-Yale, Inc. (NYSE:HY) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,232 shares of the industrial products company’s stock after acquiring an additional 358 shares during the period. Inspire Investing LLC’s holdings in Hyster-Yale were worth $342,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mattson Financial Services LLC bought a new position in shares of Hyster-Yale in the fourth quarter valued at approximately $36,000. US Bancorp DE raised 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 during the last quarter. Quantbot Technologies LP raised its stake in shares of Hyster-Yale by 25.8% in the first quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 835 shares during the last quarter. Amundi raised its stake in shares of Hyster-Yale by 10.1% in the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 444 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Hyster-Yale in the fourth quarter valued at approximately $242,000. Institutional investors own 46.47% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Hyster-Yale to a “strong sell” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hyster-Yale presently has an average rating of “Hold” and a consensus target price of $70.00.

Hyster-Yale Price Performance

HY opened at $36.09 on Thursday. The company has a fifty day moving average price of $38.99 and a two-hundred day moving average price of $40.31. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.65 and a current ratio of 1.40. Hyster-Yale, Inc. has a 52 week low of $34.13 and a 52 week high of $69.28. The firm has a market capitalization of $639.59 million, a PE ratio of 29.11 and a beta of 1.53.

Hyster-Yale (NYSE:HY) last released 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). Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%.The business had revenue of $956.60 million for the quarter, compared to analyst estimates of $936.90 million. As a group, analysts anticipate that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 4.0%. Hyster-Yale’s payout ratio is 116.13%.

Hyster-Yale Company Profile

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.