AlphaQuest LLC Sells 16,431 Shares of Hyster-Yale, Inc. $HY

AlphaQuest LLC reduced its holdings in shares of Hyster-Yale, Inc. (NYSE:HY) by 85.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,770 shares of the industrial products company’s stock after selling 16,431 shares during the quarter. AlphaQuest LLC’s holdings in Hyster-Yale were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HY. AQR Capital Management LLC boosted its holdings in Hyster-Yale by 110.6% during the first 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. Arrowstreet Capital Limited Partnership lifted its position in Hyster-Yale by 252.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 50,220 shares of the industrial products company’s stock worth $1,998,000 after buying an additional 35,957 shares in the last quarter. Acadian Asset Management LLC lifted its position in Hyster-Yale by 18.2% during the 2nd quarter. Acadian Asset Management LLC now owns 190,471 shares of the industrial products company’s stock worth $7,566,000 after buying an additional 29,312 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in shares of Hyster-Yale during the 2nd quarter worth about $1,014,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Hyster-Yale in the 2nd quarter valued at about $981,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Roth Mkm set a $40.00 target price on Hyster-Yale in a report 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.00.

Hyster-Yale Stock Performance

HY opened at $39.39 on Friday. 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, Inc. has a 12-month low of $26.41 and a 12-month high of $57.89. The business has a 50 day moving average of $33.14 and a 200-day moving average of $34.66. The stock has a market cap of $698.37 million, a price-to-earnings ratio of 281.37 and a beta of 1.56.

Hyster-Yale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.44 annualized dividend and a dividend yield of 3.7%. Hyster-Yale’s dividend payout ratio is presently 1,028.57%.

Hyster-Yale Profile

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.