Separately, Zacks Investment Research upgraded Hyster-Yale Materials Handling from a sell rating to a hold rating in a report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $69.00.
Hyster-Yale Materials Handling (NYSE:HY) traded up 0.32% during trading on Friday, hitting $55.90. The company had a trading volume of 21,044 shares. The stock has a 50-day moving average of $52.30 and a 200 day moving average of $60.40. The company has a market capitalization of $915.98 million, a price-to-earnings ratio of 16.21 and a beta of 1.05. Hyster-Yale Materials Handling has a one year low of $44.41 and a one year high of $70.19.
Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the 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 company 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 company posted $1.39 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Equities analysts forecast that Hyster-Yale Materials Handling will post $3.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders 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 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 presently 34.20%.
In other Hyster-Yale Materials Handling news, Chairman Alfred M. Et Al Rankin purchased 9,381 shares of the stock in a transaction on Monday, September 19th. The shares were purchased at an average price of $48.46 per share, with a total value of $454,603.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Clara L. T. Rankin bought 7,893 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was purchased at an average cost of $48.46 per share, for a total transaction of $382,494.78. The disclosure for this purchase can be found here. Company insiders own 25.56% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. AXA increased its position in Hyster-Yale Materials Handling by 17.1% in the first quarter. AXA now owns 25,130 shares of the company’s stock valued at $1,674,000 after buying an additional 3,670 shares during the last quarter. BlackRock Group LTD increased its position 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 last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position 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 last quarter. Spark Investment Management LLC increased its position 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 last quarter. Finally, LSV Asset Management increased its position in Hyster-Yale Materials Handling by 2.8% in the second quarter. LSV Asset Management now owns 769,719 shares of the company’s stock valued at $45,790,000 after buying an additional 21,156 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.
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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