Cooper Haims Advisors LLC Takes $898,000 Position in Hyster-Yale, Inc. $HY

Cooper Haims Advisors LLC bought a new position in shares of Hyster-Yale, Inc. (NYSE:HY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,611 shares of the industrial products company’s stock, valued at approximately $898,000. Cooper Haims Advisors LLC owned approximately 0.14% of Hyster-Yale as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new stake in Hyster-Yale during the first quarter worth approximately $33,000. Kestra Advisory Services LLC purchased a new stake in shares of Hyster-Yale during the 4th quarter worth approximately $61,000. Aquatic Capital Management LLC boosted its holdings 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 buying an additional 1,410 shares in the last quarter. Amundi boosted its holdings 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 buying an additional 444 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Hyster-Yale in the 1st quarter valued at $204,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

HY has been the subject of a number of research reports. Roth Capital reissued a “buy” rating and issued a $45.00 price target on shares of Hyster-Yale in a research report on Thursday, August 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 downgraded Hyster-Yale from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Hyster-Yale in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.50.

Hyster-Yale Trading Down 0.9%

NYSE HY opened at $33.68 on Tuesday. The firm’s fifty day moving average is $34.02 and its two-hundred day moving average is $35.17. Hyster-Yale, Inc. has a one year low of $26.41 and a one year high of $41.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.65 and a current ratio of 1.28. The firm has a market cap of $603.88 million, a PE ratio of -5.13 and a beta of 1.62.

Hyster-Yale (NYSE:HY) last announced its earnings results on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share for the quarter, topping the consensus estimate of ($2.20) by $0.56. Hyster-Yale had a negative net margin of 3.33% and a negative return on equity of 21.03%. The business had revenue of $812.90 million during the quarter, compared to the consensus estimate of $804.62 million. Analysts expect that Hyster-Yale, Inc. will post -2.91 earnings per share for the current year.

Hyster-Yale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Hyster-Yale’s dividend payout ratio (DPR) is presently -22.26%.

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.