Hyster-Yale Materials Handling Inc. (HY) Chairman Acquires $587,104.56 in Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 9,576 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The stock was purchased at an average price of $61.31 per share, with a total value of $587,104.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) traded down 2.07% during trading on Friday, reaching $58.56. 134,510 shares of the company’s stock were exchanged. Hyster-Yale Materials Handling Inc. has a 12-month low of $44.41 and a 12-month high of $70.19. The stock has a 50-day moving average price of $53.25 and a 200 day moving average price of $60.09. The company has a market capitalization of $959.56 million, a P/E ratio of 16.98 and a beta of 1.01.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.34. The business had revenue of $645.60 million for 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%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. Equities analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
Several institutional investors have recently added to or reduced their stakes in the company. AXA boosted its position in shares of Hyster-Yale Materials Handling by 17.1% in the first quarter. AXA now owns 25,130 shares of the company’s stock worth $1,674,000 after buying an additional 3,670 shares during the period. BlackRock Group LTD boosted 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. Los Angeles Capital Management & Equity Research Inc. boosted 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. Emerald Acquisition Ltd. purchased a new position in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $3,072,000. Finally, Spark Investment Management LLC boosted 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. Institutional investors and hedge funds own 70.59% of the company’s stock.
Several analysts recently weighed in on HY shares. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Hyster-Yale Materials Handling has a consensus rating of “Hold” and a consensus price target of $69.00.
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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