Hyster-Yale, Inc. $HY Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in shares of Hyster-Yale, Inc. (NYSE:HY) by 1,641.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,319 shares of the industrial products company’s stock after buying an additional 4,071 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hyster-Yale were worth $172,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE increased its stake in Hyster-Yale by 15.2% during the 1st 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 period. Quantbot Technologies LP increased its stake in Hyster-Yale by 25.8% during the 1st quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock valued at $169,000 after buying an additional 835 shares during the period. Amundi increased its stake in Hyster-Yale by 10.1% during the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after buying an additional 444 shares during the period. Inspire Investing LLC increased its stake in Hyster-Yale by 4.5% during the 1st quarter. Inspire Investing LLC now owns 8,232 shares of the industrial products company’s stock valued at $342,000 after buying an additional 358 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Hyster-Yale by 14.4% during the 1st quarter. Russell Investments Group Ltd. now owns 9,381 shares of the industrial products company’s stock valued at $390,000 after buying an additional 1,181 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Stock Performance

Shares of HY opened at $36.14 on Tuesday. Hyster-Yale, Inc. has a one year low of $34.13 and a one year high of $69.28. The company has a 50-day moving average of $37.63 and a two-hundred day moving average of $39.51. The stock has a market cap of $640.40 million, a price-to-earnings ratio of 29.15 and a beta of 1.51. 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 announced its earnings results on Tuesday, August 5th. The industrial products company reported ($0.14) 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 during the quarter, compared to analyst estimates of $936.90 million. On average, equities research analysts expect that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyster-Yale in a research note on Saturday, September 27th. Zacks Research upgraded shares of Hyster-Yale to a “strong sell” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.00.

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.