Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Thomas T. Rankin purchased 1,614 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Thursday, September 29th. The shares were acquired at an average price of $58.95 per share, with a total value of $95,145.30. Following the acquisition, the insider now directly owns 7 shares of the company’s stock, valued at approximately $412.65. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.40 on Tuesday. Hyster-Yale Materials Handling Inc. has a one year low of $44.41 and a one year high of $70.19. The stock’s 50 day moving average price is $52.62 and its 200-day moving average price is $60.13. The company has a market cap of $989.71 million, a PE ratio of 17.52 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last posted 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. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The business earned $645.60 million during the quarter, compared to analyst estimates of $632.33 million. During the same quarter in the prior year, the company earned $1.39 EPS. The company’s revenue was down 2.0% on a year-over-year basis. On average, analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The firm also recently announced 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 was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.95%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Hyster-Yale Materials Handling during the fourth quarter worth $8,608,000. Fuller & Thaler Asset Management Inc. raised its stake in Hyster-Yale Materials Handling by 19.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 561,620 shares of the company’s stock worth $33,411,000 after buying an additional 93,026 shares in the last quarter. Foundry Partners LLC acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth $4,931,000. Emerald Acquisition Ltd. acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth $3,072,000. Finally, Spark Investment Management LLC raised its stake in Hyster-Yale Materials Handling by 316.8% in the second quarter. Spark Investment Management LLC now owns 49,600 shares of the company’s stock worth $2,950,000 after buying an additional 37,700 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.
HY has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $69.00.
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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