Hyster-Yale Materials Handling (HY) Rating Increased to Buy at ValuEngine

Hyster-Yale Materials Handling (NYSE:HY) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday.

A number of other brokerages also recently issued reports on HY. Seaport Global Securities downgraded Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research report on Monday, November 6th. Sidoti reissued a “neutral” rating on shares of Hyster-Yale Materials Handling in a research report on Friday, October 13th. Finally, Zacks Investment Research downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Shares of Hyster-Yale Materials Handling (NYSE HY) opened at $85.16 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1,401.90, a PE ratio of 22.23 and a beta of 1.08. Hyster-Yale Materials Handling has a 52-week low of $53.50 and a 52-week high of $93.90.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,178 shares of Hyster-Yale Materials Handling stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total value of $99,423.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 26.34% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its position in Hyster-Yale Materials Handling by 519.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 1,362 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Hyster-Yale Materials Handling by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock worth $149,000 after buying an additional 319 shares in the last quarter. Simplex Trading LLC grew its position in shares of Hyster-Yale Materials Handling by 123.9% during the third quarter. Simplex Trading LLC now owns 2,243 shares of the industrial products company’s stock worth $171,000 after buying an additional 1,241 shares in the last quarter. Weik Investment Services Inc. acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $216,000. 50.88% of the stock is owned by institutional investors.

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Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

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