Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 10,163 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was bought at an average cost of $58.95 per share, for a total transaction of $599,108.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Hyster-Yale Materials Handling Inc. (NYSE:HY) traded up 0.45% during mid-day trading on Monday, reaching $60.40. The company’s stock had a trading volume of 80,897 shares. The company has a 50 day moving average of $52.42 and a 200-day moving average of $60.22. The stock has a market cap of $989.71 million, a PE ratio of 17.52 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 earnings results on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. The business earned $645.60 million during the quarter, compared to analyst estimates of $632.33 million. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. Equities analysts forecast that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
Several large investors have recently modified their holdings of HY. Bank of Montreal Can purchased a new position in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $133,000. Acadian Asset Management LLC boosted its position 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 worth $179,000 after buying an additional 1,310 shares during the last quarter. Foundry Partners LLC purchased a new position in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $4,931,000. Fisher Asset Management LLC boosted its position in shares of Hyster-Yale Materials Handling by 2.6% in the second quarter. Fisher Asset Management LLC now owns 70,169 shares of the company’s stock worth $4,330,000 after buying an additional 1,780 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Hyster-Yale Materials Handling by 345.7% in the first quarter. Barclays PLC now owns 4,787 shares of the company’s stock worth $316,000 after buying an additional 3,713 shares during the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on HY shares. Zacks Investment Research downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Sidoti raised Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 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 company. The stock presently has an average rating of “Hold” and an average target price 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.
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