Hyster-Yale (NYSE:HY) Stock Price Down 5.1% – Should You Sell?

Hyster-Yale, Inc. (NYSE:HY)’s stock price dropped 5.1% during trading on Friday . The stock traded as low as $33.22 and last traded at $33.2530. Approximately 42,488 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 80,904 shares. The stock had previously closed at $35.03.

Analyst Ratings Changes

HY has been the topic of a number of recent analyst reports. Roth Capital set a $40.00 price target on Hyster-Yale in a report on Thursday, November 6th. Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyster-Yale in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.00.

Hyster-Yale Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.68 and a current ratio of 1.39. The firm has a 50 day moving average of $33.52 and a two-hundred day moving average of $37.46. The stock has a market cap of $600.78 million, a P/E ratio of 241.77 and a beta of 1.46.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). Hyster-Yale had a net margin of 0.07% and a return on equity of 5.93%. The company had revenue of $979.10 million for the quarter, compared to analyst estimates of $955.69 million. On average, research analysts predict that Hyster-Yale, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, December 1st. Hyster-Yale’s dividend payout ratio (DPR) is presently 1,028.57%.

Institutional Investors Weigh In On Hyster-Yale

A number of institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Hyster-Yale in the 3rd quarter valued at $27,000. US Bancorp DE increased its stake in Hyster-Yale by 15.2% in the first quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 263 shares during the period. 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 worth $124,000 after purchasing an additional 1,410 shares in the last quarter. Quantbot Technologies LP lifted its stake in Hyster-Yale by 25.8% during the first quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock worth $169,000 after purchasing an additional 835 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Hyster-Yale by 1,641.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 4,071 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Company Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.