Menta Capital LLC acquired a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,127 shares of the industrial products company’s stock, valued at approximately $711,000. Menta Capital LLC owned about 0.08% of Hyster-Yale Materials Handling as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Hyster-Yale Materials Handling by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 908,970 shares of the industrial products company’s stock worth $51,256,000 after buying an additional 37,588 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Hyster-Yale Materials Handling by 2.3% during the 1st 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. Vanguard Group Inc. raised its position in Hyster-Yale Materials Handling by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 634,959 shares of the industrial products company’s stock worth $35,805,000 after buying an additional 33,777 shares during the last quarter. Royce & Associates LP raised its position in Hyster-Yale Materials Handling by 9.5% during the 2nd quarter. Royce & Associates LP now owns 284,957 shares of the industrial products company’s stock worth $20,018,000 after buying an additional 24,619 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Hyster-Yale Materials Handling by 62.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 117,901 shares of the industrial products company’s stock worth $8,282,000 after buying an additional 45,467 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.

A number of equities analysts have commented on HY shares. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Sidoti downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price objective for the company. in a research report on Wednesday, June 7th. BidaskClub downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.75.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) opened at 75.27 on Thursday. Hyster-Yale Materials Handling, Inc. has a 1-year low of $49.84 and a 1-year high of $76.48. The firm has a market capitalization of $1.24 billion, a PE ratio of 21.03 and a beta of 1.05. The stock’s 50 day moving average is $68.74 and its 200-day moving average is $67.16.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Wednesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is 33.80%.

In related news, insider Frank F. Taplin sold 1,464 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $99,918.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Sichel sold 1,250 shares of Hyster-Yale Materials Handling stock in a transaction dated 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. Company insiders own 26.34% of the company’s stock.

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Hyster-Yale Materials Handling Company Profile

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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