Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 2,718 shares of Hyster-Yale Materials Handling stock in a transaction dated Monday, September 26th. The stock was bought at an average price of $56.43 per share, with a total value of $153,376.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) traded up 1.64% during midday trading on Wednesday, reaching $58.42. The company’s stock had a trading volume of 81,805 shares. The stock has a 50-day moving average of $52.16 and a 200 day moving average of $60.26. Hyster-Yale Materials Handling Inc. has a 12-month low of $44.41 and a 12-month high of $70.19. The firm has a market capitalization of $957.27 million, a P/E ratio of 16.94 and a beta of 1.05.
Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $632.33 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 annualized dividend and a dividend yield of 2.02%. Hyster-Yale Materials Handling’s payout ratio is currently 34.20%.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at approximately $133,000. Acadian Asset Management LLC increased 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. BlackRock Inc. increased its stake in Hyster-Yale Materials Handling by 242.2% in the second quarter. BlackRock Inc. now owns 3,114 shares of the company’s stock valued at $184,000 after buying an additional 2,204 shares during the last quarter. Royal Bank of Canada increased its stake in Hyster-Yale Materials Handling by 1,624.0% in the second quarter. Royal Bank of Canada now owns 3,517 shares of the company’s stock valued at $209,000 after buying an additional 3,313 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at approximately $301,000. Institutional investors and hedge funds own 70.59% of the company’s stock.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Hyster-Yale Materials Handling currently has an average rating of “Hold” and a consensus target price 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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