TheStreet Lowers Hyster-Yale Materials Handling (HY) to C+

Share on StockTwits

Hyster-Yale Materials Handling (NYSE:HY) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Wednesday.

Shares of NYSE:HY opened at $63.62 on Wednesday. The company has a market cap of $1.05 billion, a P/E ratio of 35.92 and a beta of 0.97. The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.38. Hyster-Yale Materials Handling has a 12-month low of $55.88 and a 12-month high of $78.19.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, February 26th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.51). The company had revenue of $837.70 million for the quarter, compared to the consensus estimate of $872.90 million. Hyster-Yale Materials Handling had a net margin of 1.09% and a return on equity of 4.98%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share.

In other Hyster-Yale Materials Handling news, insider Trust Dated 9/28/2000 Between purchased 1,282 shares of the company’s stock in a transaction on Monday, December 24th. The stock was acquired at an average cost of $58.17 per share, for a total transaction of $74,573.94. Following the purchase, the insider now directly owns 36,339 shares of the company’s stock, valued at approximately $2,113,839.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Alfred M. Et Al Rankin purchased 1,460 shares of the company’s stock in a transaction on Wednesday, December 26th. The stock was acquired at an average price of $58.10 per share, with a total value of $84,826.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 41,362 shares of company stock valued at $2,552,911. 26.58% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC boosted its stake in Hyster-Yale Materials Handling by 51.5% in the 4th quarter. Fisher Asset Management LLC now owns 72,336 shares of the industrial products company’s stock worth $4,482,000 after purchasing an additional 24,590 shares during the period. JPMorgan Chase & Co. boosted its stake in Hyster-Yale Materials Handling by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,130 shares of the industrial products company’s stock worth $3,638,000 after purchasing an additional 1,025 shares during the period. Acadian Asset Management LLC boosted its stake in Hyster-Yale Materials Handling by 162.5% in the 3rd quarter. Acadian Asset Management LLC now owns 2,441 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 1,511 shares during the period. Vanguard Group Inc boosted its stake in Hyster-Yale Materials Handling by 9.6% in the 3rd quarter. Vanguard Group Inc now owns 837,343 shares of the industrial products company’s stock worth $51,522,000 after purchasing an additional 73,639 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Hyster-Yale Materials Handling by 21.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 748,187 shares of the industrial products company’s stock worth $46,357,000 after purchasing an additional 130,877 shares during the period. Institutional investors and hedge funds own 48.52% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.

Recommended Story: What is Blockchain?

Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Northfield Bancorp Inc  EVP Robin Lefkowitz Sells 769 Shares
Northfield Bancorp Inc EVP Robin Lefkowitz Sells 769 Shares
Einsteinium Price Tops $0.12 on Major Exchanges
Einsteinium Price Tops $0.12 on Major Exchanges
Dixon Hubard Feinour & Brown Inc. VA Purchases 182 Shares of Boeing Co
Dixon Hubard Feinour & Brown Inc. VA Purchases 182 Shares of Boeing Co
Republic Bancorp, Inc. KY  Given Consensus Rating of “Hold” by Brokerages
Republic Bancorp, Inc. KY Given Consensus Rating of “Hold” by Brokerages
Dixon Hubard Feinour & Brown Inc. VA Boosts Stake in Duke Energy Corp
Dixon Hubard Feinour & Brown Inc. VA Boosts Stake in Duke Energy Corp
Dixon Hubard Feinour & Brown Inc. VA Cuts Holdings in Global Payments Inc
Dixon Hubard Feinour & Brown Inc. VA Cuts Holdings in Global Payments Inc


© 2006-2019 Ticker Report