Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 669 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The shares were purchased at an average price of $61.34 per share, for a total transaction of $41,036.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hyster-Yale Materials Handling Inc. (NYSE:HY) traded down 2.07% on Friday, reaching $58.56. 134,510 shares of the company’s stock were exchanged. The company has a market cap of $959.56 million, a PE ratio of 16.98 and a beta of 1.01. The firm’s 50 day moving average price is $53.25 and its 200 day moving average price is $60.09. 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 issued its quarterly earnings data 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 return on equity of 12.03% and a net margin of 2.21%. The company earned $645.60 million during the quarter, compared to the consensus estimate of $632.33 million. During the same quarter last year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders 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 yield of 2.02%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 34.20%.

Several research firms recently weighed in on HY. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Sidoti upgraded shares of 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 assigned a hold rating and two have issued a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has an average rating of “Hold” and a consensus target price of $69.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC raised its position in shares of Hyster-Yale Materials Handling by 5.0% in the third quarter. Foundry Partners LLC now owns 87,007 shares of the company’s stock valued at $5,232,000 after buying an additional 4,115 shares during the period. Royal Bank of Canada raised its position 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 valued at $209,000 after buying an additional 3,313 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of 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 last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Hyster-Yale Materials Handling by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,572 shares of the company’s stock valued at $3,425,000 after buying an additional 4,534 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of 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 last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

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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