267,479 Shares in Hyster-Yale, Inc. $HY Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. acquired a new stake in Hyster-Yale, Inc. (NYSE:HY) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 267,479 shares of the industrial products company’s stock, valued at approximately $8,696,000. Deprince Race & Zollo Inc. owned 1.49% of Hyster-Yale at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in Hyster-Yale during the 4th quarter worth $61,000. Aquatic Capital Management LLC lifted its stake in shares of Hyster-Yale by 71.9% in the 3rd quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 1,410 shares during the period. Amundi lifted its stake in shares of Hyster-Yale by 10.1% in the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 444 shares during the period. Intech Investment Management LLC boosted its position in shares of Hyster-Yale by 19.2% in the 3rd quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Hyster-Yale by 100.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 8,770 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 4,395 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Price Performance

HY opened at $32.01 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. Hyster-Yale, Inc. has a 12 month low of $26.41 and a 12 month high of $44.55. The company has a fifty day simple moving average of $36.23 and a 200 day simple moving average of $34.83. The stock has a market cap of $573.44 million, a P/E ratio of -5.73 and a beta of 1.61.

Hyster-Yale (NYSE:HY) last posted its earnings results on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share for the quarter, topping the consensus estimate of ($2.02) by $0.38. Hyster-Yale had a negative return on equity of 13.96% and a negative net margin of 2.71%.The firm had revenue of $795.20 million for the quarter, compared to analyst estimates of $878.10 million. On average, research analysts expect that Hyster-Yale, Inc. will post -2.75 EPS for the current year.

Hyster-Yale Increases Dividend

The firm also recently announced 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 represents a $1.46 dividend on an annualized basis and a yield of 4.6%. 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 dividend payout ratio (DPR) is currently -26.12%.

Analyst Upgrades and Downgrades

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

Hyster-Yale Company 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.