Prudential Financial Inc. lowered its position in shares of Joy Global Inc. (NYSE:JOY) by 58.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 535,676 shares of the company’s stock after selling 755,818 shares during the period. Prudential Financial Inc. owned about 0.55% of Joy Global worth $11,325,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Joy Global by 93.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,683 shares of the company’s stock worth $33,814,000 after buying an additional 774,325 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Joy Global by 368.4% in the second quarter. Acrospire Investment Management LLC now owns 8,900 shares of the company’s stock worth $188,000 after buying an additional 7,000 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Joy Global by 8,383.2% in the second quarter. Teacher Retirement System of Texas now owns 1,013,493 shares of the company’s stock worth $21,425,000 after buying an additional 1,001,546 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Joy Global by 1.1% in the second quarter. UBS Asset Management Americas Inc. now owns 111,612 shares of the company’s stock worth $2,360,000 after buying an additional 1,212 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Joy Global by 119.5% in the second quarter. Nationwide Fund Advisors now owns 353,543 shares of the company’s stock worth $7,474,000 after buying an additional 192,449 shares during the last quarter.
Shares of Joy Global Inc. (NYSE:JOY) traded up 0.22% during trading on Tuesday, hitting $27.83. 309,768 shares of the stock traded hands. The firm’s 50-day moving average price is $27.51 and its 200-day moving average price is $22.31. Joy Global Inc. has a 12 month low of $8.35 and a 12 month high of $28.55. The stock’s market cap is $2.73 billion.
Joy Global (NYSE:JOY) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The firm had revenue of $587 million for the quarter. Joy Global had a negative net margin of 52.93% and a positive return on equity of 2.76%. Joy Global’s revenue for the quarter was down 26.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. Analysts anticipate that Joy Global Inc. will post $0.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 19th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.14%. Joy Global’s payout ratio is -0.29%.
A number of equities research analysts have issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $28.00 target price on shares of Joy Global in a report on Tuesday, September 20th. Robert W. Baird lowered shares of Joy Global from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $26.00 to $28.00 in a research report on Friday, September 2nd. Axiom Securities restated a “sell” rating on shares of Joy Global in a research report on Tuesday, August 30th. Vetr upgraded shares of Joy Global from a “strong sell” rating to a “buy” rating and set a $30.44 price target for the company in a research report on Monday, August 22nd. Finally, FBR & Co restated a “buy” rating on shares of Joy Global in a research report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.69.
Joy Global Company Profile
Joy Global Inc is a manufacturer and servicer of mining equipment for the extraction of metals and minerals. The Company manufactures and markets original equipment and parts, and performs services for both underground and surface mining, as well as certain industrial applications. Its equipment is used in mining regions to mine coal, copper, iron ore, oil sands, gold, and other minerals and ores.
Receive News & Ratings for Joy Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Joy Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.