Clara L. T. Rankin Buys 16,112 Shares of Hyster-Yale Materials Handling Inc. (HY) Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin purchased 16,112 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was purchased at an average price of $60.74 per share, for a total transaction of $978,642.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 59.80 on Friday. Hyster-Yale Materials Handling Inc. has a 12-month low of $44.41 and a 12-month high of $70.19. The company has a market cap of $979.88 million, a price-to-earnings ratio of 17.34 and a beta of 1.01. The company’s 50-day moving average price is $53.25 and its 200 day moving average price is $60.09.
Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data 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 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 business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. Equities analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a yield of 1.97%. Hyster-Yale Materials Handling’s payout ratio is currently 34.20%.
A number of hedge funds have recently modified their holdings of HY. Bank of Montreal Can acquired a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth $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 during 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 during 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 during 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 during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.
HY has been the topic of a number of research reports. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. One equities 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 company’s stock. The company currently 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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