Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin acquired 8,551 shares of Hyster-Yale Materials Handling stock in a transaction dated Tuesday, September 27th. The shares were acquired at an average price of $57.02 per share, with a total value of $487,578.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) remained flat at $58.42 on Thursday. The stock had a trading volume of 134,322 shares. The firm has a market cap of $957.27 million, a P/E ratio of 16.94 and a beta of 1.05. Hyster-Yale Materials Handling Inc. has a 12 month low of $44.41 and a 12 month high of $70.19. The stock has a 50-day moving average price of $52.16 and a 200-day moving average price of $60.26.
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 business earned $645.60 million during the quarter, compared to the consensus estimate of $632.33 million. During the same period in the prior year, the firm earned $1.39 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.02%. Hyster-Yale Materials Handling’s dividend payout ratio is 34.20%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HY. Bank of Montreal Can acquired a new position in Hyster-Yale Materials Handling during the second quarter worth about $133,000. Acadian Asset Management LLC boosted its position 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 worth $179,000 after buying an additional 1,310 shares in the last quarter. Foundry Partners LLC acquired a new position in Hyster-Yale Materials Handling during the second quarter worth about $4,931,000. Fisher Asset Management LLC boosted its position in 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 in the last quarter. Finally, Barclays PLC boosted its position in 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 in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in 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 Thursday, June 23rd. 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 given a buy rating to the company. The company currently has an average rating of “Hold” and an average 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.
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