Federated Investors Inc. PA raised its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 2,279,500.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 68,388 shares of the industrial products company’s stock after buying an additional 68,385 shares during the period. Federated Investors Inc. PA owned about 0.42% of Hyster-Yale Materials Handling worth $4,805,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 2.3% in the first quarter. PNC Financial Services Group Inc. now owns 792,515 shares of the industrial products company’s stock worth $44,690,000 after buying an additional 17,880 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Hyster-Yale Materials Handling by 14.1% in the first quarter. Royce & Associates LP now owns 260,338 shares of the industrial products company’s stock worth $14,680,000 after buying an additional 32,240 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Hyster-Yale Materials Handling by 14.7% in the first quarter. California Public Employees Retirement System now owns 17,900 shares of the industrial products company’s stock worth $1,009,000 after buying an additional 2,300 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Hyster-Yale Materials Handling by 11.5% in the first quarter. Teachers Advisors LLC now owns 16,787 shares of the industrial products company’s stock worth $947,000 after buying an additional 1,726 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 7.0% in the first quarter. American International Group Inc. now owns 5,802 shares of the industrial products company’s stock worth $327,000 after buying an additional 381 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling, Inc. (NYSE HY) opened at 71.69 on Friday. The stock has a 50 day moving average of $69.03 and a 200 day moving average of $66.44. The company has a market cap of $1.18 billion, a PE ratio of 20.03 and a beta of 1.05. Hyster-Yale Materials Handling, Inc. has a 12-month low of $47.25 and a 12-month high of $76.50.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 33.80%.

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A number of brokerages have issued reports on HY. Sidoti cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 target price on the stock. in a report on Wednesday, June 7th. TheStreet raised shares of Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a report on Friday, May 12th. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday. Finally, BidaskClub cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and a consensus price target of $74.75.

In other news, insider Cory Freyer sold 3,128 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $74.81, for a total transaction of $234,005.68. Following the sale, the insider now directly owns 8,000 shares in the company, valued at approximately $598,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Sichel sold 1,250 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.46, for a total transaction of $80,575.00. Following the sale, the insider now owns 16,850 shares in the company, valued at $1,086,151. The disclosure for this sale can be found here. Insiders have sold a total of 5,842 shares of company stock worth $414,499 in the last quarter. Corporate insiders own 26.34% of the company’s stock.

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.

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

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