Hyster-Yale, Inc. Class A (HY)

Hyster-Yale's stock has been impacted by several events in the past six months. The company reported solid first-quarter earnings, exceeding revenue and EPS estimates, which led to a stock price increase. The company announced an increase in its regular cash dividend from 35 cents to 36 cents per share. The company announced a strategic realignment of its Nuvera fuel cell business, aimed at increasing near-term profits. Roth/MKM reiterated a "Buy" rating and an $87.00 price target. Hyster-Yale announced its second-quarter 2025 results, showing a 5% increase in consolidated revenues from Q1 2025 but an operating loss of $8.5 million and a significant decline in bookings due to tariff uncertainties, leading to a stock price drop. A regular cash dividend of 36 cents per share was declared. An analyst from Seeking Alpha maintained a "sell" rating, citing deteriorating financial performance. Between October 8, 2024, and October 7, 2025, the share price experienced a decline. The company is scheduled to release its third-quarter 2025 financial results.

The demand for Hyster-Yale's products is influenced by the cyclical nature of the capital goods industry, with seasonal upticks towards the end of each year due to manufacturing businesses preparing for increased demand around holidays and companies working to meet year-end production targets. Hyster-Yale advises customers to assess their fleets and consider short-term rentals. Recent reports indicate a moderate decline in the global lift truck market in Q3 2024, with an accelerating decrease in the Americas and EMEA in Q4 2024, while the JAPIC region generally stabilized.

Hyster-Yale, Inc. is a global leader in the material handling equipment industry, designing, engineering, manufacturing, selling, and servicing lift trucks and solutions. Its products are marketed under the Hyster, Yale, Maximal, and Sumitomo brands. Through Bolzoni S.p.A., it offers attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brands. Hyster-Yale is also a pioneer in hydrogen fuel cell technology through Nuvera Fuel Cells, LLC, and provides aftermarket parts under the UNISOURCE and PREMIER brands, along with telematics, automation, and fleet management services.

Hyster-Yale has a significant global presence with facilities spanning five continents. Its operations are strategically located in the United States, Northern Ireland, Mexico, the Netherlands, the Philippines, Italy, Japan, Vietnam, Brazil, China, the United Kingdom, India, Australia, Canada, Spain, France and Poland. This network allows responsiveness to local markets and provides a global sales and service presence.

Hyster-Yale maintains a strong brand reputation built on innovation and commitment to providing high-quality material handling solutions. The company earned an EcoVadis sustainability rating for the second consecutive year, being recognized in the top 35% of companies assessed for sustainability and corporate social responsibility, earning a bronze sustainability medal from EcoVadis in August 2025. Hyster was recognized as a top Green Supply Chain Partner by Inbound Logistics magazine for advancing materials handling electrification. A Hyster-Yale executive was honored as a trailblazer in the supply chain industry.

Hyster-Yale's ownership is a mix of institutional investors, company insiders, and the general public. Institutional investors hold approximately 17.09% to 48.18% of the company's stock, with major shareholders including Vanguard Group Inc, BlackRock, Inc., Gamco Investors, Inc. Et Al, Dimensional Fund Advisors Lp, and American Century Companies Inc. Insiders hold a significant portion, ranging from approximately 36.18% to 70.21% of the stock, including Diahn Taplin, John C. Butler Jr., Britton T. Taplin, David B. Williams, Alfred M. Et Al Rankin, and Frank F. Taplin. Rankin Management, Inc. also holds a substantial ownership.