Hyster-Yale Materials Handling Inc. (HY) to Issue Quarterly Dividend of $0.30 on December 15th
Hyster-Yale Materials Handling Inc. (NYSE:HY) declared a quarterly dividend on Thursday, November 17th. Investors of record on Thursday, December 1st will be given a dividend of 0.295 per share on Thursday, December 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, November 29th.
Hyster-Yale Materials Handling (NYSE:HY) opened at 66.71 on Thursday. Hyster-Yale Materials Handling has a 1-year low of $44.41 and a 1-year high of $70.19. The firm has a market cap of $1.09 billion, a PE ratio of 22.93 and a beta of 1.02. The company has a 50 day moving average price of $58.99 and a 200 day moving average price of $58.37.
Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, November 1st. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.07. The business earned $629.30 million during the quarter, compared to analysts’ expectations of $676.90 million. Hyster-Yale Materials Handling had a net margin of 1.89% and a return on equity of 9.95%. Hyster-Yale Materials Handling’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 EPS. On average, equities research analysts forecast that Hyster-Yale Materials Handling will post $2.73 earnings per share for the current year.
In other Hyster-Yale Materials Handling news, Chairman Alfred M. Et Al Rankin purchased 669 shares of the stock in a transaction dated Thursday, October 6th. The shares were bought at an average cost of $61.34 per share, with a total value of $41,036.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred M. Et Al Rankin purchased 18,762 shares of the stock in a transaction dated Wednesday, September 21st. The stock was acquired at an average cost of $48.47 per share, for a total transaction of $909,394.14. The disclosure for this purchase can be found here. 25.56% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of HY. Spark Investment Management LLC boosted its stake in Hyster-Yale Materials Handling by 316.8% in the second quarter. Spark Investment Management LLC now owns 49,600 shares of the company’s stock valued at $2,950,000 after buying an additional 37,700 shares during the last quarter. Franklin Resources Inc. boosted its stake in Hyster-Yale Materials Handling by 11.9% in the second quarter. Franklin Resources Inc. now owns 296,160 shares of the company’s stock valued at $17,618,000 after buying an additional 31,580 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Hyster-Yale Materials Handling by 7.7% in the third quarter. BlackRock Fund Advisors now owns 239,550 shares of the company’s stock valued at $14,404,000 after buying an additional 17,054 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Hyster-Yale Materials Handling during the third quarter valued at $468,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Hyster-Yale Materials Handling during the third quarter valued at $392,000. 68.45% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has a consensus rating of “Hold” and a consensus price target of $69.00.
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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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