Hyster-Yale Materials Handling (NYSE:HY) Stock Rating Upgraded by Northland Securities

Hyster-Yale Materials Handling (NYSE:HY) was upgraded by equities research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has a $90.00 target price on the industrial products company’s stock. Northland Securities’ price objective would suggest a potential upside of 23.30% from the stock’s current price.

Several other equities research analysts also recently issued reports on HY. StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. Roth Mkm reaffirmed a “buy” rating and issued a $87.00 target price (up previously from $85.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, May 9th. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research report on Monday, March 4th. Finally, Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $88.50.

Hyster-Yale Materials Handling Trading Up 1.9 %

Shares of NYSE HY opened at $72.99 on Wednesday. The company’s 50 day simple moving average is $67.05 and its 200 day simple moving average is $62.96. Hyster-Yale Materials Handling has a fifty-two week low of $38.50 and a fifty-two week high of $79.66. The firm has a market capitalization of $1.28 billion, a P/E ratio of 8.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.25 and a quick ratio of 0.56.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.79. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. On average, analysts predict that Hyster-Yale Materials Handling will post 7.68 EPS for the current year.

Institutional Trading of Hyster-Yale Materials Handling

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Johnson Investment Counsel Inc. increased its holdings in Hyster-Yale Materials Handling by 4.6% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 45,298 shares of the industrial products company’s stock valued at $2,019,000 after buying an additional 2,000 shares during the period. FMR LLC increased its holdings in Hyster-Yale Materials Handling by 60.6% in the 3rd quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock valued at $26,262,000 after buying an additional 222,340 shares during the period. Valueworks LLC increased its holdings in Hyster-Yale Materials Handling by 74.9% in the 3rd quarter. Valueworks LLC now owns 210,980 shares of the industrial products company’s stock valued at $9,405,000 after buying an additional 90,355 shares during the period. Quadrature Capital Ltd increased its holdings in Hyster-Yale Materials Handling by 78.1% in the 3rd quarter. Quadrature Capital Ltd now owns 17,156 shares of the industrial products company’s stock valued at $766,000 after buying an additional 7,523 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Hyster-Yale Materials Handling by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 945,578 shares of the industrial products company’s stock valued at $42,154,000 after buying an additional 12,747 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

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.