Seaport Global Securities lowered shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) from a neutral rating to a sell rating in a report released on Monday. Seaport Global Securities currently has $56.00 price target on the industrial products company’s stock. Seaport Global Securities also issued estimates for Hyster-Yale Materials Handling’s FY2019 earnings at $6.32 EPS.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Hyster-Yale Materials Handling from a hold rating to a sell rating in a research report on Thursday, October 19th. Sidoti reaffirmed a neutral rating on shares of Hyster-Yale Materials Handling in a research report on Friday, October 13th. Finally, ValuEngine downgraded Hyster-Yale Materials Handling from a buy rating to a hold rating in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Hyster-Yale Materials Handling presently has an average rating of Hold and a consensus price target of $74.00.

Shares of Hyster-Yale Materials Handling (NYSE:HY) traded down $2.08 during mid-day trading on Monday, reaching $80.98. The company had a trading volume of 68,663 shares, compared to its average volume of 79,124. Hyster-Yale Materials Handling has a 12 month low of $52.94 and a 12 month high of $93.90. The company has a market capitalization of $1,340.00, a P/E ratio of 25.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.06 and a current ratio of 1.67.

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In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,464 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 26.34% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HY. SG Americas Securities LLC acquired a new stake in Hyster-Yale Materials Handling in the first quarter worth about $110,000. American International Group Inc. boosted its holdings in 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 acquiring an additional 381 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 11.5% during the first quarter. Teachers Advisors LLC now owns 16,787 shares of the industrial products company’s stock worth $947,000 after purchasing an additional 1,726 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Hyster-Yale Materials Handling by 14.7% during 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 purchasing an additional 2,300 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Hyster-Yale Materials Handling by 5.6% during the first quarter. Vanguard Group Inc. now owns 634,959 shares of the industrial products company’s stock worth $35,805,000 after purchasing an additional 33,777 shares during the period. 51.71% of the stock is owned by institutional investors and hedge funds.

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.

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