Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 6,775 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were bought at an average price of $60.06 per share, with a total value of $406,906.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.50 on Wednesday. The firm has a market capitalization of $991.35 million, a price-to-earnings ratio of 17.55 and a beta of 1.01. The company has a 50 day moving average price of $52.80 and a 200 day moving average price of $60.08. 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 data on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.39 earnings per share. Analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.295 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $1.18 annualized dividend and a yield of 1.95%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
Several equities analysts have recently issued reports on HY shares. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $69.00.
Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $8,608,000. Los Angeles Capital Management & Equity Research Inc. increased its position in Hyster-Yale Materials Handling by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,157 shares of the company’s stock valued at $343,000 after buying an additional 25 shares in the last quarter. BlackRock Group LTD increased its position in Hyster-Yale Materials Handling by 22.1% in the first quarter. BlackRock Group LTD now owns 12,318 shares of the company’s stock valued at $820,000 after buying an additional 2,230 shares in the last quarter. Spark Investment Management LLC increased its position in Hyster-Yale Materials Handling by 190.2% in the first quarter. Spark Investment Management LLC now owns 11,900 shares of the company’s stock valued at $792,000 after buying an additional 7,800 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Hyster-Yale Materials Handling during the first quarter valued at approximately $460,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.
About Hyster-Yale Materials Handling
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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