Gamco Investors INC. ET AL Has $31.17 Million Holdings in Hyster-Yale, Inc. $HY

Gamco Investors INC. ET AL trimmed its position in shares of Hyster-Yale, Inc. (NYSE:HY) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 845,524 shares of the industrial products company’s stock after selling 15,083 shares during the quarter. Gamco Investors INC. ET AL owned approximately 4.77% of Hyster-Yale worth $31,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Hyster-Yale by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 576,509 shares of the industrial products company’s stock worth $21,250,000 after acquiring an additional 3,935 shares in the last quarter. Mcdonald Partners LLC increased its holdings in Hyster-Yale by 2.4% during the 3rd quarter. Mcdonald Partners LLC now owns 46,545 shares of the industrial products company’s stock valued at $1,716,000 after purchasing an additional 1,076 shares in the last quarter. Victory Capital Management Inc. raised its position in Hyster-Yale by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 10,861 shares of the industrial products company’s stock valued at $400,000 after purchasing an additional 1,270 shares during the last quarter. Intech Investment Management LLC raised its position in Hyster-Yale by 19.2% in the 3rd quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC acquired a new position in Hyster-Yale in the third quarter worth $326,000. Institutional investors own 46.47% of the company’s stock.

Hyster-Yale Stock Performance

Shares of Hyster-Yale stock opened at $33.46 on Friday. The stock’s fifty day simple moving average is $34.97 and its 200 day simple moving average is $34.59. The company has a current ratio of 1.34, a quick ratio of 0.68 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $593.25 million, a PE ratio of -9.84 and a beta of 1.54. Hyster-Yale, Inc. has a 12 month low of $26.41 and a 12 month high of $46.87.

Hyster-Yale (NYSE:HY) last posted its earnings results on Tuesday, March 3rd. The industrial products company reported ($2.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $923.20 million during the quarter, compared to analyst estimates of $916.43 million. On average, research analysts predict that Hyster-Yale, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $0.36 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.44 annualized dividend and a dividend yield of 4.3%. Hyster-Yale’s payout ratio is currently -42.35%.

Analysts Set New Price Targets

Several analysts have recently commented on HY shares. Weiss Ratings cut Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Northland Securities raised Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded Hyster-Yale from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hyster-Yale presently has an average rating of “Hold” and a consensus price target of $45.00.

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.