56,379 Shares in Hyster-Yale, Inc. $HY Acquired by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in shares of Hyster-Yale, Inc. (NYSE:HY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,379 shares of the industrial products company’s stock, valued at approximately $1,833,000. OP Asset Management Ltd owned 0.31% of Hyster-Yale as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HY. Kestra Advisory Services LLC bought a new stake in shares of Hyster-Yale in the 4th quarter valued at $61,000. Aquatic Capital Management LLC raised its stake in Hyster-Yale by 71.9% during the third quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,410 shares during the last quarter. Amundi raised its stake in Hyster-Yale by 10.1% during the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after buying an additional 444 shares during the last quarter. Intech Investment Management LLC lifted its holdings 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 buying an additional 1,036 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Hyster-Yale by 100.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 8,770 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 4,395 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Analyst Ratings Changes

HY has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen raised Hyster-Yale from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Northland Securities upgraded Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.00.

Hyster-Yale Trading Down 0.9%

NYSE:HY opened at $35.91 on Monday. Hyster-Yale, Inc. has a 12 month low of $26.41 and a 12 month high of $44.55. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $643.51 million, a price-to-earnings ratio of -6.42 and a beta of 1.61. The firm has a fifty day simple moving average of $36.56 and a two-hundred day simple moving average of $34.83.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share 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 analyst estimates of $878.10 million. Hyster-Yale had a negative net margin of 2.71% and a negative return on equity of 13.96%. Analysts expect that Hyster-Yale, Inc. will post -2.75 EPS for the current fiscal year.

Hyster-Yale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were paid a dividend of $0.365 per share. This is an increase from Hyster-Yale’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.46 dividend on an annualized basis and a yield of 4.1%. Hyster-Yale’s dividend payout ratio (DPR) is currently -26.12%.

Hyster-Yale Profile

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.