Hyster-Yale (NYSE:HY) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Hyster-Yale, Inc. (NYSE:HY)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.27 and traded as low as $29.70. Hyster-Yale shares last traded at $29.7780, with a volume of 92,022 shares.

Wall Street Analyst Weigh In

HY has been the subject of a number of research analyst reports. Zacks Research raised shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Roth Capital set a $40.00 target price on shares of Hyster-Yale in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyster-Yale in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hyster-Yale presently has an average rating of “Hold” and an average target price of $40.00.

Hyster-Yale Price Performance

The stock has a market capitalization of $527.96 million, a PE ratio of 212.72 and a beta of 1.46. The company has a quick ratio of 0.68, a current ratio of 1.39 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average is $32.01 and its 200 day moving average is $36.27.

Hyster-Yale (NYSE:HY) last issued its earnings results on Tuesday, November 4th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). Hyster-Yale had a net margin of 0.07% and a return on equity of 5.93%. The company had revenue of $979.10 million for the quarter, compared to analyst estimates of $955.69 million. As a group, equities analysts predict that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 4.8%. Hyster-Yale’s dividend payout ratio (DPR) is presently 1,028.57%.

Institutional Investors Weigh In On Hyster-Yale

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC grew its stake in shares of Hyster-Yale by 20.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 25,008 shares of the industrial products company’s stock valued at $1,039,000 after buying an additional 4,195 shares in the last quarter. PDT Partners LLC acquired a new stake in Hyster-Yale in the first quarter valued at approximately $803,000. Amundi grew its position in Hyster-Yale by 10.1% in the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 444 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Hyster-Yale by 110.6% during the 1st quarter. AQR Capital Management LLC now owns 79,582 shares of the industrial products company’s stock worth $3,306,000 after purchasing an additional 41,795 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Hyster-Yale by 133.7% during the 1st quarter. Bridgeway Capital Management LLC now owns 68,701 shares of the industrial products company’s stock valued at $2,854,000 after purchasing an additional 39,302 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

About Hyster-Yale

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.