Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Seaport Global Securities reduced their FY2017 earnings per share (EPS) estimates for Hyster-Yale Materials Handling in a report released on Friday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will post earnings of $3.26 per share for the year, down from their previous forecast of $3.60. Seaport Global Securities currently has a “Neutral” rating and a $56.00 price target on the stock. Seaport Global Securities also issued estimates for Hyster-Yale Materials Handling’s Q4 2017 earnings at $0.66 EPS, Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $1.33 EPS, Q4 2018 earnings at $1.30 EPS, FY2018 earnings at $5.39 EPS and FY2019 earnings at $6.87 EPS.

Several other analysts have also issued reports on HY. Zacks Investment Research lowered Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. BidaskClub lowered Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Sidoti lowered Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price objective for the company. in a report on Wednesday, June 7th. TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a report on Friday, May 12th. Finally, Robert W. Baird upgraded Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $62.00 to $84.00 in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $74.75.

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Shares of Hyster-Yale Materials Handling (NYSE HY) opened at 64.96 on Monday. The stock has a market cap of $1.07 billion, a P/E ratio of 18.15 and a beta of 1.05. The stock has a 50 day moving average price of $71.81 and a 200-day moving average price of $65.51. Hyster-Yale Materials Handling has a 12 month low of $47.25 and a 12 month high of $76.50.

A number of institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in Hyster-Yale Materials Handling by 519.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock valued at $114,000 after buying an additional 1,362 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hyster-Yale Materials Handling during the first quarter valued at about $110,000. Legal & General Group Plc increased its stake in shares of Hyster-Yale Materials Handling by 4.9% in the second quarter. Legal & General Group Plc now owns 3,361 shares of the industrial products company’s stock valued at $237,000 after buying an additional 156 shares in the last quarter. Comerica Bank acquired a new stake in shares of Hyster-Yale Materials Handling during the first quarter valued at about $205,000. Finally, Aperio Group LLC acquired a new stake in shares of Hyster-Yale Materials Handling during the second quarter valued at about $254,000. 67.80% of the stock is currently owned by hedge funds and other institutional investors.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,400 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $73.93, for a total transaction of $103,502.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Cory Freyer sold 3,128 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $74.81, for a total transaction of $234,005.68. Following the transaction, the insider now directly owns 8,000 shares in the company, valued at $598,480. The disclosure for this sale can be found here. Corporate insiders own 26.34% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Earnings History and Estimates for Hyster-Yale Materials Handling (NYSE:HY)

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