Tudor Investment Corp ET AL Has $230,000 Stock Holdings in Hyster-Yale, Inc. $HY

Tudor Investment Corp ET AL trimmed its stake in shares of Hyster-Yale, Inc. (NYSE:HY) by 83.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,239 shares of the industrial products company’s stock after selling 30,748 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Hyster-Yale were worth $230,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Hyster-Yale during the third quarter worth about $27,000. Aquatic Capital Management LLC raised its position in Hyster-Yale by 71.9% in the third quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 1,410 shares during the last quarter. Amundi boosted its stake in shares of Hyster-Yale by 10.1% during the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 444 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Hyster-Yale by 19.2% during the third quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 1,036 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new position in Hyster-Yale in the 3rd quarter valued at approximately $292,000. Institutional investors own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings downgraded Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. Northland Securities upgraded Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, March 2nd. Wall Street Zen lowered shares of Hyster-Yale from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Zacks Research lowered shares of Hyster-Yale from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Hyster-Yale currently has a consensus rating of “Reduce” and a consensus target price of $45.00.

Hyster-Yale Trading Down 2.1%

Shares of HY stock opened at $32.41 on Friday. Hyster-Yale, Inc. has a fifty-two week low of $26.41 and a fifty-two week high of $44.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.71 and a current ratio of 1.34. The stock has a 50 day simple moving average of $34.77 and a two-hundred day simple moving average of $33.85. The company has a market cap of $580.17 million, a P/E ratio of -9.53 and a beta of 1.56.

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). Hyster-Yale had a negative return on equity of 6.12% and a negative net margin of 1.59%.The company had revenue of $923.20 million for the quarter, compared to analyst estimates of $916.43 million. Research analysts forecast that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, February 27th. Hyster-Yale’s dividend payout ratio is -42.35%.

Hyster-Yale Company Profile

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.