Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 9,575 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were bought at an average price of $60.94 per share, with a total value of $583,500.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.56 on Monday. The stock has a 50 day moving average of $53.42 and a 200 day moving average of $60.03. Hyster-Yale Materials Handling Inc. has a 1-year low of $44.41 and a 1-year high of $70.19. The stock has a market cap of $959.56 million, a P/E ratio of 16.98 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last released 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. The business earned $645.60 million during the quarter, compared to analysts’ expectations of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. Equities analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
A number of analysts recently issued reports on the stock. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. One investment 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 presently has an average rating of “Hold” and an average price target of $69.00.
Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth $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 worth $179,000 after buying an additional 1,310 shares in 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 worth $184,000 after buying an additional 2,204 shares in 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 worth $209,000 after buying an additional 3,313 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth $301,000. 70.59% of the stock is currently owned by hedge funds and other 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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