ValuEngine upgraded shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) from a hold rating to a buy rating in a report published on Thursday morning.

HY has been the subject of several other research reports. Sidoti reiterated a neutral rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. Zacks Investment Research lowered shares of Hyster-Yale Materials Handling from a hold rating to a sell rating in a research report on Tuesday, August 8th. Finally, Seaport Global Securities lowered shares of Hyster-Yale Materials Handling from a neutral rating to a sell rating and set a $56.00 price objective on the stock. in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $74.00.

Hyster-Yale Materials Handling (NYSE HY) traded up $0.57 during trading on Thursday, hitting $80.93. 43,300 shares of the stock traded hands, compared to its average volume of 83,989. The firm has a market capitalization of $1,331.95, a PE ratio of 22.93 and a beta of 1.06. Hyster-Yale Materials Handling has a 12 month low of $53.50 and a 12 month high of $93.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.64 and a quick ratio of 1.06.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, November 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 31.59%.

In other news, insider Frank F. Taplin sold 1,464 shares of the business’s stock in a transaction 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 document filed with the SEC, which is accessible through this link. Insiders own 26.34% of the company’s stock.

Several hedge funds have recently made changes to their positions in HY. SG Americas Securities LLC bought a new stake in shares of Hyster-Yale Materials Handling in the first quarter worth $110,000. BNP Paribas Arbitrage SA lifted its position in shares of 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 worth $114,000 after purchasing an additional 1,362 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of 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 worth $149,000 after purchasing an additional 319 shares in the last quarter. Simplex Trading LLC lifted its position in shares of Hyster-Yale Materials Handling by 123.9% in the third quarter. Simplex Trading LLC now owns 2,243 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Weik Investment Services Inc. bought a new stake in Hyster-Yale Materials Handling during the second quarter worth $211,000. 51.71% of the stock is currently owned by institutional investors and hedge funds.

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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