Short Interest in Hyster-Yale, Inc. (NYSE:HY) Expands By 19.1%

Hyster-Yale, Inc. (NYSE:HY) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 458,894 shares, a growth of 19.1% from the February 12th total of 385,260 shares. Based on an average daily trading volume, of 112,195 shares, the short-interest ratio is presently 4.1 days. Approximately 4.0% of the company’s shares are short sold. Approximately 4.0% of the company’s shares are short sold. Based on an average daily trading volume, of 112,195 shares, the short-interest ratio is presently 4.1 days.

Hyster-Yale Stock Performance

Hyster-Yale stock traded up $0.15 during mid-day trading on Wednesday, hitting $31.12. 23,321 shares of the company’s stock traded hands, compared to its average volume of 104,852. Hyster-Yale has a one year low of $26.41 and a one year high of $46.87. The company has a market cap of $556.96 million, a PE ratio of -9.17 and a beta of 1.54. The firm has a 50 day moving average price of $35.17 and a 200 day moving average price of $34.24. The company has a quick ratio of 0.71, a current ratio of 1.34 and a debt-to-equity ratio of 0.53.

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

Hyster-Yale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.36 per share. The ex-dividend date was Friday, February 27th. This represents a $1.44 annualized dividend and a dividend yield of 4.6%. Hyster-Yale’s dividend payout ratio (DPR) is -42.35%.

Analyst Ratings Changes

Several research firms have commented on HY. Weiss Ratings lowered Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Zacks Research lowered shares of Hyster-Yale from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Northland Securities upgraded shares of Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, March 2nd. Finally, Wall Street Zen cut shares of Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $45.00.

Institutional Trading of Hyster-Yale

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of Hyster-Yale by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 327,204 shares of the industrial products company’s stock valued at $13,016,000 after acquiring an additional 24,389 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Hyster-Yale by 11.3% in the 3rd quarter. ProShare Advisors LLC now owns 167,609 shares of the industrial products company’s stock worth $6,178,000 after acquiring an additional 17,007 shares during the last quarter. Mcdonald Partners LLC raised its position in shares of Hyster-Yale by 2.4% during the third quarter. Mcdonald Partners LLC now owns 46,545 shares of the industrial products company’s stock worth $1,716,000 after purchasing an additional 1,076 shares during the period. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Hyster-Yale during the third quarter valued at $326,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Hyster-Yale by 2.1% during the third quarter. PNC Financial Services Group Inc. now owns 46,232 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 948 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors.

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.