Acadian Asset Management LLC Has $7.57 Million Holdings in Hyster-Yale, Inc. $HY

Acadian Asset Management LLC increased its holdings in Hyster-Yale, Inc. (NYSE:HY) by 18.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,471 shares of the industrial products company’s stock after purchasing an additional 29,312 shares during the quarter. Acadian Asset Management LLC owned approximately 1.08% of Hyster-Yale worth $7,566,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HY. US Bancorp DE grew its position in shares of Hyster-Yale by 15.2% in 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 last quarter. Quantbot Technologies LP lifted 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 worth $169,000 after acquiring an additional 835 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Hyster-Yale by 1,641.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 4,071 shares during the last quarter. Amundi boosted its holdings in 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, Inspire Investing LLC increased its position 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 purchasing an additional 358 shares during the period. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Stock Performance

Shares of HY opened at $29.85 on Thursday. Hyster-Yale, Inc. has a one year low of $29.27 and a one year high of $58.72. The company has a market cap of $528.97 million, a PE ratio of 24.07 and a beta of 1.57. The stock has a 50-day moving average of $35.93 and a 200-day moving average of $38.72. 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 quarterly earnings results on Tuesday, November 4th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12). Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%.The firm had revenue of $979.10 million during the quarter, compared to the consensus estimate of $955.69 million. On average, equities research analysts predict that Hyster-Yale, Inc. will post 8.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HY. Zacks Research upgraded shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Roth Capital set a $40.00 target price on shares of Hyster-Yale in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyster-Yale in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.00.

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.