Alfred M. Et Al Rankin Acquires 9,575 Shares of Hyster-Yale Materials Handling Inc. (HY) Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 9,575 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $583,500.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 59.80 on Friday. The firm has a market capitalization of $979.88 million, a P/E ratio of 17.34 and a beta of 1.01. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19. The firm’s 50-day moving average is $53.25 and its 200-day moving average is $60.09.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. The company earned $645.60 million during the quarter, compared to analysts’ expectations of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. Hyster-Yale Materials Handling’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. Equities analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 34.20%.
A number of research firms 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 report on Thursday, June 23rd. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $69.00.
Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Hyster-Yale Materials Handling during the fourth quarter worth $8,608,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of 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. BlackRock Group LTD increased its position in shares of Hyster-Yale Materials Handling by 22.1% in the first quarter. BlackRock Group LTD now owns 12,318 shares of the company’s stock worth $820,000 after buying an additional 2,230 shares during the period. Spark Investment Management LLC increased its position in shares of Hyster-Yale Materials Handling by 190.2% in the first quarter. Spark Investment Management LLC now owns 11,900 shares of the company’s stock worth $792,000 after buying an additional 7,800 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Hyster-Yale Materials Handling during the first quarter worth $460,000. 70.59% of the stock is currently 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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