Hyster-Yale Materials Handling (HY) Getting Somewhat Positive Press Coverage, Analysis Shows
Media headlines about Hyster-Yale Materials Handling (NYSE:HY) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hyster-Yale Materials Handling earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.4020060904124 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Hyster-Yale Materials Handling, Inc. (HY) Expected to Post Quarterly Sales of $667.20 Million (americanbankingnews.com)
- Automated guided vehicles Global Market by Technique & Data Validation, Analysis and Forecasts to 2022 (emailwire.com)
- Report explores the global industrial vehicles market (whatech.com)
- Head to Head Survey: Hyster-Yale Materials Handling (HY) and Manitowoc Company, Inc. (The) (MTW) (americanbankingnews.com)
Hyster-Yale Materials Handling (NYSE HY) traded up 1.49% during midday trading on Monday, hitting $70.09. The company had a trading volume of 27,651 shares. The stock has a 50 day moving average of $68.48 and a 200 day moving average of $66.65. Hyster-Yale Materials Handling has a 52-week low of $47.25 and a 52-week high of $76.50. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 19.58 and a beta of 1.05.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 33.80%.
HY has been the topic of a number of analyst reports. Zacks Investment Research downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Sidoti downgraded Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 target price on the stock. in a research report on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has a consensus rating of “Hold” and an average target price of $74.75.
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In other Hyster-Yale Materials Handling news, insider Susan Sichel sold 1,250 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $64.46, for a total value of $80,575.00. Following the transaction, the insider now directly owns 16,850 shares of the company’s stock, valued at $1,086,151. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank F. Taplin sold 1,464 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $68.25, for a total value of $99,918.00. The disclosure for this sale can be found here. Company 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.
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