Hyster-Yale Materials Handling Inc. (HY) Insider Thomas T. Rankin Purchases 1,519 Shares of Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Thomas T. Rankin bought 1,519 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average cost of $60.53 per share, for a total transaction of $91,945.07. Following the completion of the purchase, the insider now owns 7 shares of the company’s stock, valued at $423.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 61.35 on Thursday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.79 and a beta of 1.01. Hyster-Yale Materials Handling Inc. has a 12 month low of $44.41 and a 12 month high of $70.19. The firm’s 50-day moving average is $53.04 and its 200 day moving average is $60.09.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Monday, August 8th. The company reported $0.51 EPS 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 business had revenue of $645.60 million for the quarter, compared to analysts’ expectations of $632.33 million. During the same period in the previous year, the company earned $1.39 EPS. Hyster-Yale Materials Handling’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS 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 issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is 34.20%.
HY has been the subject of several analyst reports. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, June 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 stock. Hyster-Yale Materials Handling presently has an average rating of “Hold” and a consensus target price of $69.00.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Hyster-Yale Materials Handling during the second quarter valued at $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 worth $179,000 after buying an additional 1,310 shares in the last quarter. 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 worth $184,000 after buying an additional 2,204 shares in the last quarter. Royal Bank of Canada increased its stake 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 in the last quarter. Finally, Barclays PLC increased its stake in shares of Hyster-Yale Materials Handling by 345.7% in the first quarter. Barclays PLC now owns 4,787 shares of the company’s stock worth $316,000 after buying an additional 3,713 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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