Russell Investments Group Ltd. Increases Stock Holdings in Hyster-Yale Materials Handling, to $2.58 Million
May 23, 2023
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HYSTER-YALE ($NYSE:HY): Russell Investments Group Ltd. is an investment management firm that specializes in asset management and advisory services. Hyster-Yale Materials Handling, Inc. is a leading manufacturer of industrial lift trucks and aftermarket parts and services. It is dedicated to providing innovative products and services that meet customer needs and exceed expectations. Hyster-Yale Materials Handling, Inc. has a wide range of products, including traditional internal combustion engine-powered lift trucks, electric powered trucks, warehouse automation solutions, parts and accessories, and more. The company is also committed to promoting safety and sustainability in the workplace and beyond.
Share Price
On Monday, Hyster-Yale Materials Handling, Inc. (HY) experienced a slight increase in its stock price, with the opening price of $51.9 and closing price of $52.0, representing a 1.2% increase from its last closing price of $51.4. This change is likely to be viewed as a vote of confidence in Hyster-Yale Materials Handling, Inc., which manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally under the Hyster and Yale brand names. The company also provides warehousing solutions for customers by designing, assembling and installing new warehouse equipment and systems, as well as offering a range of value-added services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HY. More…
| Total Revenues | Net Income | Net Margin |
| 3.72k | -22.5 | -0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HY. More…
| Operations | Investing | Financing |
| -9.5 | -31.1 | 37.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.1k | 1.83k | 14.89 |
Key Ratios Snapshot
Some of the financial key ratios for HY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.7% | -32.4% | 0.8% |
| FCF Margin | ROE | ROA |
| -0.9% | 7.7% | 0.8% |
Analysis
GoodWhale has analyzed the fundamentals of HYSTER-YALE MATERIALS HANDLING and provided a low risk assessment in terms of financial and business aspects. Our Risk Rating system has identified only one risk warning in the income sheet. If you are interested in knowing more about this warning, you can register on goodwhale.com to get further insights. More…
Peers
It is competing with other leading companies in the sector such as PACCAR Inc, Qingling Motors Co Ltd and Tadano Ltd. All of these companies are renowned for their innovative products and cutting-edge technologies that help businesses to improve their efficiency and productivity.
– PACCAR Inc ($NASDAQ:PCAR)
PACCAR Inc is a Fortune 500 company that designs, manufactures, and distributes light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. With a market capitalization of 34.7 billion dollars as of 2023, the company has demonstrated significant growth in recent years. Moreover, its Return on Equity (ROE) of 19.26% is one of the highest in its sector, indicating that the company is highly profitable and efficiently utilizing its equity to generate returns.
– Qingling Motors Co Ltd ($SEHK:01122)
Qingling Motors Co Ltd is a leading Chinese manufacturer of passenger cars and commercial vehicles. The company has a market capitalization of 2.63 billion dollars as of 2023, which puts it among the top largest companies in the automotive industry. Qingling Motors Co Ltd also has a strong Return on Equity of 1.96%, which indicates that the company is able to generate good returns on its investment and is a good indicator of its financial health.
– Tadano Ltd ($TSE:6395)
Tadano Ltd is a global leader in the manufacturing and sales of cranes and other heavy machinery. It has a market capitalization of 115.49 billion as of 2023, indicating that it is a highly profitable and well-recognized company. Furthermore, its Return on Equity (ROE) of 3.31% reflects its strong financial performance and ability to generate returns on its investments. Tadano’s products are well-known for their quality, durability, and reliability, making them the preferred choice of customers in the industry. The company has established itself as a leader in the crane and heavy machinery market, and its strong financial performance is a testament to its success.
Summary
Russell Investments Group Ltd. has recently invested $2.58 million in Hyster-Yale Materials Handling, Inc, a global manufacturer and distributor of lift trucks and aftermarket parts and services. The company is well-known for its high quality products and services, which provide value and productivity to its customers. The investment will likely help Hyster-Yale Materials Handling, Inc grow its market share and expand its reach further into the logistics and material handling markets.
This move is expected to improve the company’s competitive advantage and strengthen its financial position. Overall, this is an important step for Hyster-Yale Materials Handling, Inc’s growth plans and long-term prospects.
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