Hyster-Yale Materials Handling Inc. (HY) Insider Clara L. T. Rankin Purchases 8,551 Shares of Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin acquired 8,551 shares of the stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average cost of $58.10 per share, with a total value of $496,813.10. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.13 on Monday. The stock has a market cap of $985.29 million, a P/E ratio of 17.44 and a beta of 1.00. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19. The company has a 50-day moving average of $52.42 and a 200-day moving average of $60.22.
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 Zacks’ 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 company had revenue of $645.60 million for the quarter, compared to analyst estimates of $632.33 million. During the same period in the prior year, the company earned $1.39 EPS. The company’s 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 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. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 34.20%.
Several research firms have recently commented on HY. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. 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 analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.00.
Several hedge funds and other institutional investors have recently bought and sold shares of HY. Norges Bank bought a new position in Hyster-Yale Materials Handling during the fourth quarter worth approximately $8,608,000. Fuller & Thaler Asset Management Inc. increased its position in Hyster-Yale Materials Handling by 19.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 561,620 shares of the company’s stock worth $33,411,000 after buying an additional 93,026 shares in the last quarter. Foundry Partners LLC bought a new position in Hyster-Yale Materials Handling during the second quarter worth approximately $4,931,000. Emerald Acquisition Ltd. bought a new position in Hyster-Yale Materials Handling during the second quarter worth approximately $3,072,000. Finally, Spark Investment Management LLC increased its position in Hyster-Yale Materials Handling by 316.8% in the second quarter. Spark Investment Management LLC now owns 49,600 shares of the company’s stock worth $2,950,000 after buying an additional 37,700 shares in the last quarter. 70.59% of the stock is 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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