Roth Mkm reaffirmed their buy rating on shares of Hyster-Yale Materials Handling (NYSE:HY – Free Report) in a research note released on Thursday morning, Benzinga reports. They currently have a $84.00 price objective on the industrial products company’s stock, down from their previous price objective of $87.00.
HY has been the subject of several other research reports. Northland Securities upgraded shares of Hyster-Yale Materials Handling from a market perform rating to an outperform rating and set a $90.00 target price for the company in a research note on Wednesday, June 5th. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a strong-buy rating to a hold rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Hyster-Yale Materials Handling has a consensus rating of Moderate Buy and an average price target of $87.00.
View Our Latest Analysis on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Stock Down 0.7 %
Hyster-Yale Materials Handling (NYSE:HY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $2.28 by $1.30. Hyster-Yale Materials Handling had a return on equity of 42.94% and a net margin of 3.61%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company earned $2.21 earnings per share. On average, equities research analysts predict that Hyster-Yale Materials Handling will post 8.3 EPS for the current year.
Institutional Trading of Hyster-Yale Materials Handling
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of Hyster-Yale Materials Handling by 8.0% in the second quarter. Renaissance Technologies LLC now owns 50,100 shares of the industrial products company’s stock valued at $3,493,000 after purchasing an additional 3,700 shares during the period. American Century Companies Inc. increased its position in Hyster-Yale Materials Handling by 149.8% in the 2nd quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock valued at $10,546,000 after acquiring an additional 90,696 shares during the period. Chesapeake Capital Corp IL bought a new stake in Hyster-Yale Materials Handling during the 2nd quarter valued at $359,000. Ashton Thomas Private Wealth LLC bought a new stake in Hyster-Yale Materials Handling during the 2nd quarter valued at $194,000. Finally, Quest Partners LLC grew its stake in shares of Hyster-Yale Materials Handling by 6,692.3% in the second quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 870 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, 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.
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