Gamco Investors INC. ET AL Has $31.17 Million Holdings in Hyster-Yale, Inc. $HY

Gamco Investors INC. ET AL decreased its stake in shares of Hyster-Yale, Inc. (NYSE:HY) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,524 shares of the industrial products company’s stock after selling 15,083 shares during the period. Gamco Investors INC. ET AL’s holdings in Hyster-Yale were worth $31,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Hyster-Yale in the 3rd quarter valued at $27,000. Amundi increased its holdings in Hyster-Yale by 10.1% during the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 444 shares in the last quarter. Intech Investment Management LLC raised its stake 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 valued at $237,000 after purchasing an additional 1,036 shares during the period. Pacific Ridge Capital Partners LLC acquired a new stake in shares of Hyster-Yale in the 3rd quarter valued at about $326,000. Finally, Legal & General Group Plc lifted its holdings in shares of Hyster-Yale by 7.6% in the second quarter. Legal & General Group Plc now owns 9,284 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 654 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HY shares. Weiss Ratings cut Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Northland Securities upgraded Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hyster-Yale presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Hyster-Yale Stock Down 11.7%

Shares of HY stock opened at $33.46 on Friday. The firm’s fifty day moving average price is $34.97 and its two-hundred day moving average price is $34.59. The company has a current ratio of 1.34, a quick ratio of 0.68 and a debt-to-equity ratio of 0.53. Hyster-Yale, Inc. has a 1 year low of $26.41 and a 1 year high of $46.87. The firm has a market capitalization of $593.25 million, a P/E ratio of -9.84 and a beta of 1.54.

Hyster-Yale (NYSE:HY) last posted its quarterly earnings data on Tuesday, March 3rd. The industrial products company reported ($2.06) EPS for the quarter, missing analysts’ consensus estimates of ($1.20) by ($0.86). The business had revenue of $923.20 million for the quarter, compared to analyst estimates of $916.43 million. Hyster-Yale had a negative return on equity of 6.12% and a negative net margin of 1.59%. On average, equities analysts predict that Hyster-Yale, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.44 annualized dividend and a yield of 4.3%. Hyster-Yale’s dividend payout ratio is -42.35%.

About Hyster-Yale

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.