Alfred M. Et Al Rankin Acquires 6,775 Shares of Hyster-Yale Materials Handling Inc. (HY) Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 6,775 shares of the stock in a transaction on Friday, September 30th. The stock was acquired at an average cost of $60.06 per share, for a total transaction of $406,906.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.40 on Tuesday. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19. The firm has a market cap of $989.71 million, a P/E ratio of 17.52 and a beta of 1.00. The stock has a 50 day moving average of $52.62 and a 200 day moving average of $60.13.
Hyster-Yale Materials Handling (NYSE:HY) last released 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 company earned $645.60 million during the quarter, compared to analyst estimates of $632.33 million. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. Analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share 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 issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is presently 34.20%.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. Sidoti raised shares of 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 assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $69.00.
Several large investors have recently added to or reduced their stakes in HY. Bank of Montreal Can bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at approximately $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 valued at $179,000 after buying an additional 1,310 shares during 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 valued at $184,000 after buying an additional 2,204 shares during 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 valued at $209,000 after buying an additional 3,313 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at approximately $301,000. 70.59% of the stock is owned by institutional investors.
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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