West Coast Financial LLC increased its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,852 shares of the industrial products company’s stock after acquiring an additional 763 shares during the quarter. Hyster-Yale Materials Handling accounts for about 1.4% of West Coast Financial LLC’s holdings, making the stock its 27th largest position. West Coast Financial LLC owned approximately 0.54% of Hyster-Yale Materials Handling worth $5,187,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in Hyster-Yale Materials Handling by 519.8% during 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 in the last quarter. SG Americas Securities LLC purchased a new position in Hyster-Yale Materials Handling during the first quarter valued at approximately $110,000. Victory Capital Management Inc. grew its position in Hyster-Yale Materials Handling by 17.7% during 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 in the last quarter. Simplex Trading LLC grew its position in Hyster-Yale Materials Handling by 123.9% during the third quarter. Simplex Trading LLC now owns 2,243 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Weik Investment Services Inc. purchased a new position in Hyster-Yale Materials Handling during the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 51.71% of the company’s stock.

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 shares were 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 is available through the SEC website. Insiders own 26.34% of the company’s stock.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) traded down $6.95 during mid-day trading on Tuesday, reaching $83.06. 149,303 shares of the company’s stock traded hands, compared to its average volume of 79,124. Hyster-Yale Materials Handling, Inc. has a 12 month low of $52.94 and a 12 month high of $93.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 1.06. The company has a market capitalization of $1,350.00, a P/E ratio of 25.50 and a beta of 1.06.

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HY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Seaport Global Securities downgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research report on Monday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average price target of $74.00.

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.

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

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