Argent Capital Management LLC acquired a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,580 shares of the industrial products company’s stock, valued at approximately $2,359,000. Argent Capital Management LLC owned about 0.27% of Hyster-Yale Materials Handling at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HY. SG Americas Securities LLC bought a new stake in Hyster-Yale Materials Handling in the first quarter valued at about $110,000. BNP Paribas Arbitrage SA increased its holdings in Hyster-Yale Materials Handling by 519.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 1,362 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Hyster-Yale Materials Handling by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 319 shares during the last quarter. Comerica Bank bought a new stake in Hyster-Yale Materials Handling in the first quarter valued at about $205,000. Finally, Weik Investment Services Inc. bought a new stake in Hyster-Yale Materials Handling in the second quarter valued at about $211,000. Institutional investors and hedge funds own 51.54% of the company’s stock.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, BidaskClub downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.00.

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Hyster-Yale Materials Handling, Inc. (NYSE:HY) traded up 0.33% during midday trading on Monday, reaching $80.19. The company had a trading volume of 16,735 shares. The stock has a 50-day moving average price of $72.00 and a 200 day moving average price of $68.67. Hyster-Yale Materials Handling, Inc. has a 12-month low of $49.84 and a 12-month high of $80.47. The company has a market capitalization of $1.32 billion, a PE ratio of 22.40 and a beta of 1.06.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 33.80%.

In other news, insider Frank F. Taplin sold 1,464 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $68.25, for a total value of $99,918.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Sichel sold 1,250 shares of Hyster-Yale Materials Handling stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $64.46, for a total value of $80,575.00. Following the completion of the transaction, the insider now directly owns 16,850 shares of the company’s stock, valued at $1,086,151. The disclosure for this sale can be found here. Company insiders own 26.34% of the company’s stock.

Hyster-Yale Materials Handling 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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