Roth Mkm reiterated their buy rating on shares of Hyster-Yale Materials Handling (NYSE:HY – Free Report) in a research report sent to investors on Thursday, Benzinga reports. Roth Mkm currently has a $84.00 price objective on the industrial products company’s stock, down from their previous price objective of $87.00.
Several other analysts have also issued reports on HY. Northland Capmk lowered Hyster-Yale Materials Handling from a strong-buy rating to a hold rating in a report on Wednesday. Northland Securities upgraded Hyster-Yale Materials Handling from a market perform rating to an outperform rating and set a $90.00 price objective on the stock in a research note on Wednesday, June 5th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $87.00.
Hyster-Yale Materials Handling Stock Down 0.7 %
Hyster-Yale Materials Handling (NYSE:HY – Get Free Report) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, topping the consensus estimate of $2.28 by $1.30. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted $2.21 earnings per share. On average, research analysts forecast that Hyster-Yale Materials Handling will post 8.3 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hyster-Yale Materials Handling
Several hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Hyster-Yale Materials Handling in the first quarter valued at approximately $27,000. Gladius Capital Management LP bought a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at $40,000. New York State Teachers Retirement System bought a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at $61,000. Quest Partners LLC boosted its position in Hyster-Yale Materials Handling by 6,692.3% during 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 during the period. Finally, AJOVista LLC bought a new position in Hyster-Yale Materials Handling during the fourth quarter worth $71,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.
About Hyster-Yale Materials Handling
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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