Hyster-Yale (NYSE:HY) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Hyster-Yale, Inc. (NYSE:HY) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.87 and traded as high as $35.33. Hyster-Yale shares last traded at $34.7980, with a volume of 114,045 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Roth Mkm set a $40.00 price objective on Hyster-Yale in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyster-Yale in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.00.

Hyster-Yale Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 0.68. The company has a 50-day simple moving average of $32.15 and a 200-day simple moving average of $34.87. The stock has a market cap of $616.97 million, a PE ratio of 248.57 and a beta of 1.56.

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

Hyster-Yale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.44 annualized dividend and a dividend yield of 4.1%. Hyster-Yale’s payout ratio is 1,028.57%.

Hedge Funds Weigh In On Hyster-Yale

Several hedge funds have recently bought and sold shares of HY. State of Alaska Department of Revenue acquired a new stake in Hyster-Yale in the third quarter valued at $27,000. Aquatic Capital Management LLC grew its stake in Hyster-Yale by 71.9% in the 3rd quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 1,410 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Hyster-Yale by 1,641.5% during the 2nd 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 in the last quarter. Amundi raised its position in Hyster-Yale by 10.1% during 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 during the last quarter. Finally, Intech Investment Management LLC raised its position in Hyster-Yale by 19.2% during the third quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 1,036 shares during 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.