267,479 Shares in Hyster-Yale, Inc. $HY Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. acquired a new stake in Hyster-Yale, Inc. (NYSE:HY) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 267,479 shares of the industrial products company’s stock, valued at approximately $8,696,000.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Hyster-Yale by 82.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,137 shares of the industrial products company’s stock valued at $1,117,000 after purchasing an additional 16,740 shares during the period. OP Asset Management Ltd acquired a new position in shares of Hyster-Yale during the first quarter worth about $1,833,000. Kestra Advisory Services LLC acquired a new position in shares of Hyster-Yale during the fourth quarter worth about $61,000. Impala Asset Management LLC bought a new position in shares of Hyster-Yale during the fourth quarter worth about $1,486,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Hyster-Yale by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 48,223 shares of the industrial products company’s stock worth $1,433,000 after buying an additional 1,991 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HY shares. Zacks Research raised Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Hyster-Yale from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings downgraded shares of Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One 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, the company has an average rating of “Hold” and a consensus target price of $45.00.

Hyster-Yale Trading Down 4.6%

Hyster-Yale stock opened at $32.01 on Friday. The firm has a 50-day moving average of $36.23 and a 200-day moving average of $34.83. Hyster-Yale, Inc. has a one year low of $26.41 and a one year high of $44.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.67. The company has a market cap of $573.44 million, a price-to-earnings ratio of -5.73 and a beta of 1.61.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share for the quarter, beating the consensus estimate of ($2.02) by $0.38. The company had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $878.10 million. Hyster-Yale had a negative return on equity of 13.96% and a negative net margin of 2.71%. On average, equities analysts expect that Hyster-Yale, Inc. will post -2.75 earnings per share for the current fiscal year.

Hyster-Yale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were paid a $0.365 dividend. This is a positive change from Hyster-Yale’s previous quarterly dividend of $0.36. This represents a $1.46 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, June 1st. Hyster-Yale’s dividend payout ratio is -26.12%.

Hyster-Yale Company 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.