Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 9,576 shares of Hyster-Yale Materials Handling stock in a transaction dated Wednesday, October 5th. The shares were purchased at an average price of $61.31 per share, with a total value of $587,104.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.56 on Monday. The firm has a 50-day moving average of $53.42 and a 200 day moving average of $60.03. Hyster-Yale Materials Handling Inc. has a 1-year low of $44.41 and a 1-year high of $70.19. The company has a market capitalization of $959.56 million, a P/E ratio of 16.98 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results 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 company had revenue of $645.60 million for the quarter, compared to analysts’ expectations of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. On average, analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 34.20%.
Several brokerages recently issued reports on HY. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. One equities 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 company’s stock. Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and a consensus target price of $69.00.
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $8,608,000. Los Angeles Capital Management & Equity Research Inc. increased its stake 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 during the period. BlackRock Group LTD increased its stake 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 during the period. Spark Investment Management LLC increased its stake 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 during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Hyster-Yale Materials Handling during the first quarter valued at approximately $460,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.
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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