Hyster-Yale (NYSE:HY) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Hyster-Yale, Inc. (NYSE:HY)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.95 and traded as low as $31.06. Hyster-Yale shares last traded at $31.1160, with a volume of 66,628 shares.

Analyst Ratings Changes

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

Hyster-Yale Trading Down 4.9%

The firm has a market capitalization of $551.69 million, a price-to-earnings ratio of 222.27 and a beta of 1.45. The business’s fifty day moving average is $31.28 and its 200 day moving average is $35.95. The company has a quick ratio of 0.68, a current ratio of 1.39 and a debt-to-equity ratio of 0.47.

Hyster-Yale (NYSE:HY) last released 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 return on equity of 5.93% and a net margin of 0.07%.The firm had revenue of $979.10 million for the quarter, compared to the consensus estimate of $955.69 million. 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 issued a dividend of $0.36 per share. The ex-dividend date was Monday, December 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.6%. Hyster-Yale’s dividend payout ratio (DPR) is presently 1,028.57%.

Institutional Investors Weigh In On Hyster-Yale

Several institutional investors have recently bought and sold shares of HY. Gamco Investors INC. ET AL grew its stake in shares of Hyster-Yale by 1.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 860,607 shares of the industrial products company’s stock worth $34,235,000 after acquiring an additional 14,700 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hyster-Yale by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 576,509 shares of the industrial products company’s stock worth $21,250,000 after purchasing an additional 3,935 shares during the last quarter. American Century Companies Inc. grew its position in Hyster-Yale by 8.1% in the second quarter. American Century Companies Inc. now owns 327,204 shares of the industrial products company’s stock valued at $13,016,000 after purchasing an additional 24,389 shares in the last quarter. Geode Capital Management LLC increased its stake in Hyster-Yale by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 273,528 shares of the industrial products company’s stock valued at $10,883,000 after buying an additional 10,507 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Hyster-Yale by 113.5% during the 3rd quarter. Millennium Management LLC now owns 220,850 shares of the industrial products company’s stock worth $8,141,000 after buying an additional 117,415 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

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.