Hyster-Yale Materials Handling, Inc. (NYSE:HY) Short Interest Update

Hyster-Yale Materials Handling, Inc. (NYSE:HY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 682,800 shares, an increase of 6.8% from the September 30th total of 639,500 shares. Approximately 7.3% of the company’s shares are short sold. Based on an average trading volume of 78,000 shares, the short-interest ratio is presently 8.8 days.

Institutional Trading of Hyster-Yale Materials Handling

A number of institutional investors and hedge funds have recently modified their holdings of HY. EntryPoint Capital LLC acquired a new position in Hyster-Yale Materials Handling during the 1st quarter valued at $27,000. Quest Partners LLC increased its holdings in Hyster-Yale Materials Handling by 6,692.3% in the 2nd quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock valued at $62,000 after buying an additional 870 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Hyster-Yale Materials Handling in the 2nd quarter valued at $67,000. DekaBank Deutsche Girozentrale increased its holdings in Hyster-Yale Materials Handling by 67.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock valued at $83,000 after buying an additional 548 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Hyster-Yale Materials Handling in the 1st quarter valued at $190,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Stock Down 1.5 %

NYSE HY traded down $0.95 during trading on Friday, reaching $62.52. The company’s stock had a trading volume of 23,659 shares, compared to its average volume of 90,598. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.09 billion, a PE ratio of 6.35 and a beta of 1.31. The business has a 50-day moving average price of $62.99 and a 200-day moving average price of $66.84. Hyster-Yale Materials Handling has a 1-year low of $41.35 and a 1-year high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $1.30. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $2.21 earnings per share. On average, research analysts forecast that Hyster-Yale Materials Handling will post 9.69 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, August 30th. Hyster-Yale Materials Handling’s payout ratio is 14.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Hyster-Yale Materials Handling presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Hyster-Yale Materials Handling Company Profile

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.