Gamco Investors INC. ET AL Has $26.37 Million Stock Position in Hyster-Yale, Inc. $HY

Gamco Investors INC. ET AL lowered its stake in shares of Hyster-Yale, Inc. (NYSE:HY) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 811,057 shares of the industrial products company’s stock after selling 23,309 shares during the period. Gamco Investors INC. ET AL owned 4.53% of Hyster-Yale worth $26,367,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Amundi grew its stake in shares of Hyster-Yale by 3.8% in the fourth quarter. Amundi now owns 9,013 shares of the industrial products company’s stock valued at $268,000 after buying an additional 334 shares in the last quarter. Legal & General Group Plc raised its position 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 worth $369,000 after acquiring an additional 654 shares in the last quarter. Intech Investment Management LLC lifted its stake in Hyster-Yale by 19.2% in the third quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 1,036 shares during the last quarter. Rhumbline Advisers lifted its stake in Hyster-Yale by 7.0% in the second quarter. Rhumbline Advisers now owns 18,430 shares of the industrial products company’s stock valued at $733,000 after acquiring an additional 1,206 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of 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 acquiring an additional 1,270 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HY shares. Weiss Ratings lowered shares of Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Hyster-Yale from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hyster-Yale presently has an average rating of “Hold” and an average target price of $45.00.

Hyster-Yale Trading Down 0.1%

Shares of Hyster-Yale stock opened at $33.11 on Friday. The business has a fifty day simple moving average of $34.55 and a two-hundred day simple moving average of $35.00. Hyster-Yale, Inc. has a 1 year low of $26.41 and a 1 year high of $44.55. The company has a market capitalization of $593.20 million, a price-to-earnings ratio of -5.92 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.67.

Hyster-Yale (NYSE:HY) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($1.64) EPS for the quarter, beating the consensus estimate of ($2.02) by $0.38. The firm had revenue of $795.20 million for the quarter, compared to the consensus estimate of $878.10 million. Hyster-Yale had a negative net margin of 2.71% and a negative return on equity of 13.96%. Research analysts forecast that Hyster-Yale, Inc. will post -2.75 EPS for the current year.

Hyster-Yale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Hyster-Yale’s previous quarterly dividend of $0.36. Hyster-Yale’s payout ratio is presently -26.12%.

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.