Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Victoire G. Rankin purchased 7,448 shares of the stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of $56.43 per share, for a total transaction of $420,290.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.42 on Thursday. The company’s 50-day moving average is $52.16 and its 200 day moving average is $60.26. The stock has a market cap of $957.27 million, a PE ratio of 16.94 and a beta of 1.05. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19.
Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. During the same quarter in the previous year, the business posted $1.39 EPS. Hyster-Yale Materials Handling’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 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 paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is 34.20%.
Large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter worth about $8,608,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of 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 worth $343,000 after buying an additional 25 shares during the period. BlackRock Group LTD raised its stake in shares of Hyster-Yale Materials Handling by 22.1% in the first quarter. BlackRock Group LTD now owns 12,318 shares of the company’s stock worth $820,000 after buying an additional 2,230 shares during the period. Spark Investment Management LLC raised its stake in shares of 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 worth $792,000 after buying an additional 7,800 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth about $460,000. 70.59% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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