Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 9,576 shares of the stock in a transaction on Monday, October 3rd. The stock was purchased at an average price of $60.52 per share, with a total value of $579,539.52. The acquisition was disclosed in a 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 59.80 on Friday. The company’s 50 day moving average price is $53.25 and its 200-day moving average price is $60.09. The stock has a market capitalization of $979.88 million, a PE 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.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the 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 earned $645.60 million during the quarter, compared to analyst estimates of $632.33 million. During the same period in the prior year, the business posted $1.39 EPS. Hyster-Yale Materials Handling’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 annualized dividend and a dividend yield of 1.97%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.

HY has been the subject of several research reports. Zacks Investment Research cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. Sidoti upgraded 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 issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.00.

Several large investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. boosted its stake in 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 valued at $343,000 after buying an additional 25 shares during the period. Synovus Financial Corp boosted its stake in Hyster-Yale Materials Handling by 0.8% in the second quarter. Synovus Financial Corp now owns 20,952 shares of the company’s stock valued at $1,246,000 after buying an additional 164 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Hyster-Yale Materials Handling by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 20,948 shares of the company’s stock valued at $1,246,000 after buying an additional 173 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Hyster-Yale Materials Handling by 3.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,179 shares of the company’s stock valued at $427,000 after buying an additional 207 shares during the period. Finally, BlackRock Advisors LLC boosted its stake in Hyster-Yale Materials Handling by 1.3% in the second quarter. BlackRock Advisors LLC now owns 19,025 shares of the company’s stock valued at $1,132,000 after buying an additional 237 shares during the period. 70.59% of the stock is owned by hedge funds and other 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.

5 Day Chart for NYSE:HY

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