Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin bought 7,893 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were acquired at an average cost of $48.46 per share, with a total value of $382,494.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 55.72 on Monday. The firm has a market cap of $913.03 million, a price-to-earnings ratio of 16.16 and a beta of 1.05. The stock’s 50 day moving average is $52.30 and its 200-day moving average is $60.40. 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 announced its earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.34. The firm had revenue of $645.60 million for the quarter, compared to analyst estimates of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 EPS. On average, analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 34.20%.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday. One 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 company currently has a consensus rating of “Hold” and an average price target of $69.00.
Several large investors have recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth about $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. Foundry Partners LLC bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at $4,931,000. Fisher Asset Management LLC boosted its stake 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 valued at $4,330,000 after buying an additional 1,780 shares during the last quarter. Finally, Barclays PLC boosted its stake in Hyster-Yale Materials Handling by 345.7% in the first quarter. Barclays PLC now owns 4,787 shares of the company’s stock valued at $316,000 after buying an additional 3,713 shares during the last quarter. Institutional investors and hedge funds 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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