Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 10,164 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were acquired at an average cost of $57.02 per share, with a total value of $579,551.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.13 on Monday. The firm has a 50-day moving average of $52.42 and a 200-day moving average of $60.22. The stock has a market capitalization of $985.29 million, a PE ratio of 17.44 and a beta of 1.00. Hyster-Yale Materials Handling Inc. has a 52-week low of $44.41 and a 52-week high of $70.19.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.34. The firm earned $645.60 million during the quarter, compared to analysts’ expectations of $632.33 million. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. On average, equities analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 annualized dividend and a dividend yield of 1.96%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 34.20%.
A number of brokerages recently weighed in on HY. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $69.00.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can purchased a new stake in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $133,000. Acadian Asset Management LLC increased its stake in shares of Hyster-Yale Materials Handling by 77.4% in the second quarter. Acadian Asset Management LLC now owns 3,002 shares of the company’s stock valued at $179,000 after buying an additional 1,310 shares during the period. BlackRock Inc. increased its stake in shares of Hyster-Yale Materials Handling by 242.2% in the second quarter. BlackRock Inc. now owns 3,114 shares of the company’s stock valued at $184,000 after buying an additional 2,204 shares during the period. Royal Bank of Canada increased its stake in shares of Hyster-Yale Materials Handling by 1,624.0% in the second quarter. Royal Bank of Canada now owns 3,517 shares of the company’s stock valued at $209,000 after buying an additional 3,313 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $301,000. Institutional investors and hedge funds own 70.59% of the company’s stock.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems.
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