Tudor Investment Corp ET AL Sells 30,748 Shares of Hyster-Yale, Inc. $HY

Tudor Investment Corp ET AL lowered its holdings in Hyster-Yale, Inc. (NYSE:HY) by 83.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,239 shares of the industrial products company’s stock after selling 30,748 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Hyster-Yale were worth $230,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Millennium Management LLC lifted its stake in shares of Hyster-Yale by 113.5% in the third quarter. Millennium Management LLC now owns 220,850 shares of the industrial products company’s stock valued at $8,141,000 after buying an additional 117,415 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Hyster-Yale by 110.6% during the first 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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. Mackenzie Financial Corp bought a new position in Hyster-Yale in the 3rd quarter valued at about $1,288,000. Finally, American Century Companies Inc. boosted its stake in 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 purchasing an additional 24,389 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Stock Down 2.1%

Shares of NYSE:HY opened at $32.41 on Friday. Hyster-Yale, Inc. has a 1 year low of $26.41 and a 1 year high of $44.55. The company has a market capitalization of $580.17 million, a PE ratio of -9.53 and a beta of 1.56. The business has a fifty day moving average price of $34.77 and a two-hundred day moving average price of $33.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 0.71.

Hyster-Yale (NYSE:HY) last released its earnings results 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). Hyster-Yale had a negative return on equity of 6.12% and a negative net margin of 1.59%.The business had revenue of $923.20 million for the quarter, compared to the consensus estimate of $916.43 million. Analysts forecast that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid 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 4.4%. Hyster-Yale’s dividend payout ratio (DPR) is presently -42.35%.

Analysts Set New Price Targets

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

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.