Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) have been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Brokerages have set a 12-month consensus price objective of $51.50 for the company and are forecasting that the company will post $0.93 EPS for the current quarter, according to Zacks. Zacks has also assigned Hyster-Yale Materials Handling an industry rank of 214 out of 265 based on the ratings given to related companies.
A number of research analysts have issued reports on HY shares. Sidoti raised Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th.
Hyster-Yale Materials Handling (NYSE:HY) traded up 2.5131% during mid-day trading on Monday, reaching $57.1203. 130,656 shares of the company’s stock were exchanged. The stock has a market cap of $935.97 million, a P/E ratio of 16.5662 and a beta of 1.05. Hyster-Yale Materials Handling has a 52 week low of $44.41 and a 52 week high of $70.19. The stock has a 50-day moving average price of $52.30 and a 200-day moving average price of $60.40.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. The company had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. On average, analysts forecast that Hyster-Yale Materials Handling will post $3.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.295 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.12%. Hyster-Yale Materials Handling’s dividend payout ratio is 34.20%.
In other news, Chairman Alfred M. Et Al Rankin acquired 18,762 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was purchased at an average cost of $48.47 per share, for a total transaction of $909,394.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clara L. T. Rankin acquired 7,893 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was purchased at an average price of $48.46 per share, with a total value of $382,494.78. The disclosure for this purchase can be found here. 25.56% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in HY. Bank of Montreal Can purchased a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $133,000. Acadian Asset Management LLC raised its stake in shares of Hyster-Yale Materials Handling by 77.4% in the second quarter. Acadian Asset Management LLC now owns 3,002 shares of the company’s stock worth $179,000 after buying an additional 1,310 shares during the last quarter. BlackRock Inc. raised its stake in shares of Hyster-Yale Materials Handling by 242.2% in the second quarter. BlackRock Inc. now owns 3,114 shares of the company’s stock worth $184,000 after buying an additional 2,204 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Hyster-Yale Materials Handling by 1,624.0% in the second quarter. Royal Bank of Canada now owns 3,517 shares of the company’s stock worth $209,000 after buying an additional 3,313 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $301,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc, and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems.
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