Insider Buying: Hyster-Yale Materials Handling Inc. (HY) Insider Buys 1,614 Shares of Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Thomas T. Rankin bought 1,614 shares of Hyster-Yale Materials Handling stock in a transaction dated Thursday, September 29th. The stock was purchased at an average price of $58.95 per share, with a total value of $95,145.30. Following the completion of the purchase, the insider now owns 7 shares in the company, valued at $412.65. The purchase was disclosed in a filing with the SEC, which is available at this link.
Hyster-Yale Materials Handling Inc. (NYSE:HY) traded up 0.45% during trading on Monday, reaching $60.40. The company’s stock had a trading volume of 80,897 shares. Hyster-Yale Materials Handling Inc. has a one year low of $44.41 and a one year high of $70.19. The company has a 50-day moving average of $52.42 and a 200 day moving average of $60.22. The firm has a market cap of $989.71 million, a PE ratio of 17.52 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.85 by $0.34. The firm had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. Analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current fiscal year.
The company 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 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 34.20%.
Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Hyster-Yale Materials Handling during the fourth quarter valued at 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 during the last quarter. Foundry Partners LLC bought a new position in Hyster-Yale Materials Handling during the second quarter worth about $4,931,000. Emerald Acquisition Ltd. bought a new position in Hyster-Yale Materials Handling during the second quarter worth about $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 during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on HY shares. 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average price target 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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