Hyster-Yale (NYSE:HY) Earns Hold (C-) Rating from Weiss Ratings

Hyster-Yale (NYSE:HY)‘s stock had its “hold (c-)” rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research raised Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.00.

Hyster-Yale Trading Up 2.9%

NYSE HY opened at $36.03 on Wednesday. The firm has a market capitalization of $638.45 million, a P/E ratio of 29.06 and a beta of 1.51. The business has a fifty day simple moving average of $37.37 and a 200 day simple moving average of $39.46. Hyster-Yale has a 12 month low of $34.13 and a 12 month high of $69.28. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45.

Hyster-Yale (NYSE:HY) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). The company had revenue of $956.60 million during the quarter, compared to analysts’ expectations of $936.90 million. Hyster-Yale had a net margin of 0.56% and a return on equity of 9.57%. On average, analysts predict that Hyster-Yale will post 8.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Hyster-Yale

Several large investors have recently added to or reduced their stakes in HY. AQR Capital Management LLC increased its holdings in Hyster-Yale by 110.6% in the 1st quarter. AQR Capital Management LLC now owns 79,582 shares of the industrial products company’s stock worth $3,306,000 after acquiring an additional 41,795 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Hyster-Yale by 133.7% in the 1st quarter. Bridgeway Capital Management LLC now owns 68,701 shares of the industrial products company’s stock worth $2,854,000 after acquiring an additional 39,302 shares during the last quarter. Truvestments Capital LLC increased its holdings in Hyster-Yale by 89.4% in the 1st quarter. Truvestments Capital LLC now owns 77,918 shares of the industrial products company’s stock worth $3,237,000 after acquiring an additional 36,786 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Hyster-Yale by 252.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 50,220 shares of the industrial products company’s stock worth $1,998,000 after acquiring an additional 35,957 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Hyster-Yale by 148.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 59,433 shares of the industrial products company’s stock worth $2,469,000 after acquiring an additional 35,466 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

About Hyster-Yale

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.