Cooper Haims Advisors LLC Acquires Shares of 25,611 Hyster-Yale, Inc. $HY

Cooper Haims Advisors LLC acquired a new position in shares of Hyster-Yale, Inc. (NYSE:HY) in the second quarter, HoldingsChannel.com reports. The fund acquired 25,611 shares of the industrial products company’s stock, valued at approximately $898,000.

Several other hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in shares of Hyster-Yale in the first quarter valued at about $33,000. Kestra Advisory Services LLC purchased a new position in Hyster-Yale during the fourth quarter worth about $61,000. Aquatic Capital Management LLC lifted 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 period. Amundi boosted its holdings in Hyster-Yale by 10.1% in the 1st 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. Finally, State of Wyoming purchased a new stake in Hyster-Yale in the 1st quarter valued at approximately $204,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research raised Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hyster-Yale in a report on Monday, August 3rd. Wall Street Zen cut Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Roth Capital restated a “buy” rating and set a $45.00 target price on shares of Hyster-Yale in a research report on Thursday, August 6th. Two investment analysts have 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.50.

Hyster-Yale Stock Down 0.9%

Shares of NYSE HY opened at $33.68 on Tuesday. The firm’s 50-day moving average is $34.02 and its two-hundred day moving average is $35.17. The company has a market capitalization of $603.88 million, a PE ratio of -5.13 and a beta of 1.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 0.65. Hyster-Yale, Inc. has a 12-month low of $26.41 and a 12-month high of $41.30.

Hyster-Yale (NYSE:HY) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share for the quarter, beating the consensus estimate of ($2.20) by $0.56. The company had revenue of $812.90 million during the quarter, compared to the consensus estimate of $804.62 million. Hyster-Yale had a negative return on equity of 21.03% and a negative net margin of 3.33%. Equities analysts anticipate that Hyster-Yale, Inc. will post -2.91 EPS for the current fiscal year.

Hyster-Yale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Hyster-Yale’s dividend payout ratio (DPR) is -22.26%.

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.