Acadian Asset Management LLC Has $6.69 Million Position in Hyster-Yale, Inc. $HY

Acadian Asset Management LLC cut its position in Hyster-Yale, Inc. (NYSE:HY) by 16.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 161,159 shares of the industrial products company’s stock after selling 32,635 shares during the quarter. Acadian Asset Management LLC’s holdings in Hyster-Yale were worth $6,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hyster-Yale in the 4th quarter valued at approximately $27,000. Mattson Financial Services LLC bought a new stake in shares of Hyster-Yale during the 4th quarter valued at approximately $36,000. US Bancorp DE grew its holdings in shares of Hyster-Yale by 15.2% during the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 263 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Hyster-Yale by 25.8% during the 1st quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 835 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Hyster-Yale during the 4th quarter valued at approximately $242,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Trading Down 3.0%

Shares of Hyster-Yale stock opened at $35.86 on Friday. The firm has a market capitalization of $635.44 million, a PE ratio of 28.92 and a beta of 1.53. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $39.35 and its 200 day moving average is $40.66. Hyster-Yale, Inc. has a 1 year low of $34.13 and a 1 year high of $69.28.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.40). Hyster-Yale had a net margin of 0.56% and a return on equity of 9.57%. The company had revenue of $956.60 million for the quarter, compared to the consensus estimate of $936.90 million. Equities research analysts forecast that Hyster-Yale, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 29th. Hyster-Yale’s payout ratio is presently 116.13%.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Hyster-Yale to a “strong sell” rating in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.00.

Hyster-Yale Company Profile

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