Hyster-Yale (NYSE:HY) Stock Rating Lowered by Wall Street Zen

Hyster-Yale (NYSE:HY) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research firms have also commented on HY. Northland Securities raised shares of Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, March 2nd. Weiss Ratings lowered shares of Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Hyster-Yale Price Performance

Hyster-Yale stock opened at $33.46 on Friday. The stock’s 50 day moving average is $34.97 and its 200 day moving average is $34.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 0.68. The firm has a market cap of $593.25 million, a P/E ratio of -9.84 and a beta of 1.54. Hyster-Yale has a one year low of $26.41 and a one year high of $46.87.

Hyster-Yale (NYSE:HY) last announced its earnings results on Tuesday, March 3rd. The industrial products company reported ($2.06) EPS for the quarter, missing the consensus estimate of ($1.20) by ($0.86). Hyster-Yale had a negative net margin of 1.59% and a negative return on equity of 6.12%. The company had revenue of $923.20 million during the quarter, compared to the consensus estimate of $916.43 million. As a group, research analysts expect that Hyster-Yale will post 8.85 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi increased its stake in Hyster-Yale by 3.8% in the fourth quarter. Amundi now owns 9,013 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 334 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Hyster-Yale by 0.6% during the 3rd quarter. Federated Hermes Inc. now owns 96,194 shares of the industrial products company’s stock worth $3,546,000 after purchasing an additional 546 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Hyster-Yale by 7.6% in the 2nd quarter. Legal & General Group Plc now owns 9,284 shares of the industrial products company’s stock valued at $369,000 after buying an additional 654 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Hyster-Yale in the 3rd quarter valued at about $27,000. Finally, PNC Financial Services Group Inc. increased its position in Hyster-Yale by 2.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 46,232 shares of the industrial products company’s stock valued at $1,704,000 after buying an additional 948 shares in the last quarter. 46.47% of the stock is owned by 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.