Tudor Investment Corp ET AL Sells 30,748 Shares of Hyster-Yale, Inc. $HY

Tudor Investment Corp ET AL lessened its stake in shares of Hyster-Yale, Inc. (NYSE:HY) by 83.1% in the third quarter, HoldingsChannel.com reports. The institutional investor 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 filing with the SEC.

A number of other large investors have also added to or reduced their stakes in HY. Amundi increased its stake in shares of Hyster-Yale by 10.1% in the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 444 shares in the last quarter. Federated Hermes Inc. grew its stake in Hyster-Yale by 0.6% during the third quarter. Federated Hermes Inc. now owns 96,194 shares of the industrial products company’s stock valued at $3,546,000 after acquiring an additional 546 shares in the last quarter. Legal & General Group Plc grew its stake in Hyster-Yale by 7.6% during the second quarter. Legal & General Group Plc now owns 9,284 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 654 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Hyster-Yale during the third quarter valued at approximately $27,000. Finally, PNC Financial Services Group Inc. grew its stake in Hyster-Yale by 2.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 46,232 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Hyster-Yale Trading Up 6.2%

NYSE:HY opened at $38.40 on Friday. The company has a fifty day moving average of $35.18 and a 200 day moving average of $33.76. Hyster-Yale, Inc. has a 52 week low of $26.41 and a 52 week high of $44.55. The company has a quick ratio of 0.71, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $687.27 million, a P/E ratio of -11.29 and a beta of 1.56.

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

Hyster-Yale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.36 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.44 annualized dividend and a yield of 3.8%. Hyster-Yale’s dividend payout ratio is -42.35%.

Analysts Set New Price Targets

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