Hyster-Yale Materials Handling Inc. (HY) Insider Victoire G. Rankin Acquires 5,933 Shares
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Victoire G. Rankin purchased 5,933 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were acquired at an average cost of $55.06 per share, with a total value of $326,670.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.42 on Thursday. 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 cap of $957.27 million, a P/E ratio of 16.94 and a beta of 1.05. The stock’s 50 day moving average price is $52.16 and its 200-day moving average price is $60.26.
Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.51 earnings per share (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 the consensus estimate of $632.33 million. During the same quarter last year, the company posted $1.39 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued 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 yield of 2.02%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 34.20%.
Several equities research analysts have issued reports on HY shares. Zacks Investment Research downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. Sidoti raised Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.00.
A number of large investors have recently made changes to their positions in HY. Bank of Montreal Can bought a new stake in shares of Hyster-Yale Materials Handling during the second quarter valued at about $133,000. Acadian Asset Management LLC increased its stake in shares of 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 period. BlackRock Inc. increased its stake in shares of 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 period. Royal Bank of Canada increased its position in shares of 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 during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $301,000. Institutional investors and hedge funds own 70.59% of the company’s stock.
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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