Swiss National Bank held its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,100 shares of the industrial products company’s stock at the end of the first quarter. Swiss National Bank owned about 0.09% of Hyster-Yale Materials Handling worth $795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HY. Russell Investments Group Ltd. bought a new stake in Hyster-Yale Materials Handling during the fourth quarter worth approximately $2,154,000. State Street Corp boosted its stake in Hyster-Yale Materials Handling by 2.5% in the fourth quarter. State Street Corp now owns 179,459 shares of the industrial products company’s stock worth $11,443,000 after buying an additional 4,408 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hyster-Yale Materials Handling by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 871,382 shares of the industrial products company’s stock worth $55,568,000 after buying an additional 6,769 shares in the last quarter. Norges Bank bought a new stake in Hyster-Yale Materials Handling during the fourth quarter worth approximately $9,101,000. Finally, Teachers Advisors LLC boosted its stake in Hyster-Yale Materials Handling by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 15,061 shares of the industrial products company’s stock worth $960,000 after buying an additional 526 shares in the last quarter. Institutional investors and hedge funds own 67.80% of the company’s stock.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) traded down 0.72% during mid-day trading on Monday, reaching $64.49. The company’s stock had a trading volume of 87,418 shares. The firm has a 50-day moving average of $71.81 and a 200 day moving average of $65.51. Hyster-Yale Materials Handling, Inc. has a 1-year low of $47.25 and a 1-year high of $76.50. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 18.01 and a beta of 1.05.

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HY has been the subject of a number of recent research reports. Zacks Investment Research cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Robert W. Baird upgraded Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $62.00 to $84.00 in a research report on Tuesday, May 2nd. TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a report on Friday, May 12th. BidaskClub cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Sidoti cut Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price target for the company. in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $74.75.

In related news, insider Cory Freyer sold 3,128 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $74.81, for a total transaction of $234,005.68. Following the transaction, the insider now directly owns 8,000 shares of the company’s stock, valued at $598,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank F. Taplin sold 1,400 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $73.93, for a total value of $103,502.00. The disclosure for this sale can be found here. 26.34% of the stock is currently owned by insiders.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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