Hyster-Yale Materials Handling Inc. (HY) Chairman Alfred M. Et Al Rankin Buys 10,163 Shares
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 10,163 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average cost of $58.95 per share, with a total value of $599,108.85. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) traded up 0.45% during mid-day trading on Monday, hitting $60.40. The stock had a trading volume of 80,897 shares. The firm has a market cap of $989.71 million, a price-to-earnings ratio of 17.52 and a beta of 1.00. The company has a 50-day moving average of $52.42 and a 200 day moving average of $60.22. Hyster-Yale Materials Handling Inc. has a one year low of $44.41 and a one year high of $70.19.
Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.34. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The firm had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. During the same period in the prior year, the business earned $1.39 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors 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 yield of 1.95%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 34.20%.
A number of hedge funds and other institutional investors have recently made changes to their positions in HY. Los Angeles Capital Management & Equity Research Inc. raised 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 worth $343,000 after buying an additional 25 shares during the period. Synovus Financial Corp raised its position in Hyster-Yale Materials Handling by 0.8% in the second quarter. Synovus Financial Corp now owns 20,952 shares of the company’s stock worth $1,246,000 after buying an additional 164 shares during the period. Public Employees Retirement System of Ohio raised its position in Hyster-Yale Materials Handling by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 20,948 shares of the company’s stock worth $1,246,000 after buying an additional 173 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Hyster-Yale Materials Handling by 3.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,179 shares of the company’s stock worth $427,000 after buying an additional 207 shares during the period. Finally, BlackRock Advisors LLC raised its position in Hyster-Yale Materials Handling by 1.3% in the second quarter. BlackRock Advisors LLC now owns 19,025 shares of the company’s stock worth $1,132,000 after buying an additional 237 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on HY shares. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Sidoti raised shares of 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 issued a buy rating to the stock. Hyster-Yale Materials Handling presently has a consensus 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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