Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Btr 2012 Gst Trust For Helen R bought 1,468 shares of the stock in a transaction dated Wednesday, September 21st. The shares were bought at an average cost of $48.47 per share, with a total value of $71,153.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 56.08 on Tuesday. The firm has a market capitalization of $918.93 million, a P/E ratio of 16.26 and a beta of 1.05. The stock’s 50 day moving average price is $52.02 and its 200 day moving average price is $60.32. Hyster-Yale Materials Handling Inc. has a 12 month low of $44.41 and a 12 month high of $70.19.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The firm had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, analysts forecast that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is presently 34.20%.
Several large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at $133,000. Acadian Asset Management LLC boosted its stake in 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 last quarter. BlackRock Inc. boosted its stake in 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 last quarter. Royal Bank of Canada boosted its stake in 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 last quarter. Finally, Citadel Advisors LLC bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at $301,000. Institutional investors and hedge funds own 70.59% of the company’s stock.
HY has been the subject of several recent research reports. Sidoti raised Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $69.00.
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.
Receive News & Ratings for Hyster-Yale Materials Handling Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling Inc. and related companies with MarketBeat.com's FREE daily email newsletter.