Hyster-Yale Materials Handling (HY)

• Sector: Industrials
• Industry: Industrial Trucks, Tractors, Trailers & Stackers

Market Cap: 1.37B

About: Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas accounts for the larger share of the revenue.

Employees: 8,600

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

13% more call options, than puts

Call options by funds: $905K | Put options by funds: $802K

8.86% more ownership

Funds ownership: 59.16% [Q4 2023] → 68.02% (+8.86%) [Q1 2024]

7% more capital invested

Capital invested by funds: $505M [Q4 2023] → $538M (+$33.4M) [Q1 2024]

7% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 56

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

1% less funds holding

Funds holding: 162 [Q4 2023] → 161 (-1) [Q1 2024]

4% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 28

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

• Low target: $87 11% upside
• Avg. target: $89 13% upside
• High target: $90 15% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Roth MKM Chip Moore	11% upside $87	Buy Reiterated	7 Jun 2024
Northland Capital Markets Ted Jackson	15% upside $90	Outperform Upgraded	5 Jun 2024
Northland Capital Markets Ted Jackson	15% upside $90	Market Perform Downgraded	10 May 2024
Roth MKM Chip Moore	11% upside $87	Buy Reiterated	9 May 2024