Marshall Wace North America L.P. acquired a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 17,107 shares of the industrial products company’s stock, valued at approximately $1,197,000. Marshall Wace North America L.P. owned approximately 0.10% of Hyster-Yale Materials Handling as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HY. BNP Paribas Arbitrage SA raised its position in shares of Hyster-Yale Materials Handling by 519.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock valued at $114,000 after buying an additional 1,362 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hyster-Yale Materials Handling in the 1st quarter valued at approximately $110,000. Legal & General Group Plc raised its position in shares of Hyster-Yale Materials Handling by 4.9% in the 2nd quarter. Legal & General Group Plc now owns 3,361 shares of the industrial products company’s stock valued at $237,000 after buying an additional 156 shares in the last quarter. Comerica Bank acquired a new position in shares of Hyster-Yale Materials Handling in the 1st quarter valued at approximately $205,000. Finally, Aperio Group LLC acquired a new position in shares of Hyster-Yale Materials Handling in the 2nd quarter valued at approximately $254,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Hyster-Yale Materials Handling, Inc. (NYSE HY) opened at 69.06 on Friday. Hyster-Yale Materials Handling, Inc. has a 52-week low of $47.25 and a 52-week high of $76.50. The firm has a market capitalization of $1.14 billion, a PE ratio of 19.29 and a beta of 1.05. The company’s 50-day moving average is $68.57 and its 200-day moving average is $66.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 33.80%.

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In related news, insider Frank F. Taplin sold 1,464 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $68.25, for a total value of $99,918.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Sichel sold 1,250 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 16,850 shares in the company, valued at $1,086,151. The disclosure for this sale can be found here. Company insiders own 26.34% of the company’s stock.

Several equities analysts have recently commented on HY shares. TheStreet upgraded shares of Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research report on Friday, May 12th. Sidoti cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 target price for the company. in a research report on Wednesday, June 7th. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.75.

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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