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 report released on Saturday.

Several other brokerages have also issued reports on HY. Weiss Ratings lowered Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Northland Securities raised shares of Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.00.

Hyster-Yale Trading Down 11.7%

Shares of HY stock opened at $33.46 on Friday. The business has a 50-day moving average price of $34.97 and a two-hundred day moving average price of $34.56. Hyster-Yale has a 12-month low of $26.41 and a 12-month high of $46.87. The company has a quick ratio of 0.71, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The firm has a market cap of $593.38 million, a P/E ratio of -9.84 and a beta of 1.54.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings data 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). The firm had revenue of $923.20 million for the quarter, compared to the consensus estimate of $916.43 million. Hyster-Yale had a negative net margin of 1.59% and a negative return on equity of 6.12%. Equities analysts anticipate that Hyster-Yale will post 8.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Hyster-Yale

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi increased its stake in Hyster-Yale by 10.1% in the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 444 shares during the period. AQR Capital Management LLC grew its holdings in shares of Hyster-Yale by 110.6% in 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. Millennium Management LLC increased its stake in shares of Hyster-Yale by 20.5% in the first quarter. Millennium Management LLC now owns 119,560 shares of the industrial products company’s stock worth $4,967,000 after buying an additional 20,305 shares during the period. Empowered Funds LLC boosted its position in Hyster-Yale by 99.6% during the 1st quarter. Empowered Funds LLC now owns 48,701 shares of the industrial products company’s stock valued at $2,023,000 after buying an additional 24,302 shares during the period. Finally, Jane Street Group LLC grew its holdings in Hyster-Yale by 19.8% in the 1st quarter. Jane Street Group LLC now owns 35,034 shares of the industrial products company’s stock worth $1,455,000 after acquiring an additional 5,802 shares during the last quarter. 46.47% of the stock is currently 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.