Hunter Associates Investment Management LLC Sells 4,450 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Hunter Associates Investment Management LLC decreased its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HYFree Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,100 shares of the industrial products company’s stock after selling 4,450 shares during the period. Hunter Associates Investment Management LLC owned approximately 0.34% of Hyster-Yale Materials Handling worth $3,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Advisor Group Holdings Inc. boosted its position in Hyster-Yale Materials Handling by 823.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock valued at $26,000 after buying an additional 700 shares during the period. Swiss National Bank boosted its holdings in shares of Hyster-Yale Materials Handling by 7.6% in the first quarter. Swiss National Bank now owns 16,900 shares of the industrial products company’s stock valued at $561,000 after purchasing an additional 1,200 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Hyster-Yale Materials Handling in the first quarter worth approximately $418,000. MetLife Investment Management LLC increased its holdings in Hyster-Yale Materials Handling by 53.7% during the 1st quarter. MetLife Investment Management LLC now owns 5,807 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 2,030 shares during the period. Finally, Ergoteles LLC bought a new stake in Hyster-Yale Materials Handling during the 1st quarter valued at $239,000. 46.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research report on Monday, March 4th.

Read Our Latest Research Report on Hyster-Yale Materials Handling

Hyster-Yale Materials Handling Stock Up 1.9 %

Shares of NYSE HY opened at $59.81 on Friday. The stock has a market capitalization of $1.05 billion, a PE ratio of 8.25 and a beta of 1.48. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. Hyster-Yale Materials Handling, Inc. has a 12-month low of $38.50 and a 12-month high of $72.40. The stock’s fifty day simple moving average is $62.79 and its two-hundred day simple moving average is $56.86.

Hyster-Yale Materials Handling (NYSE:HYGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hyster-Yale Materials Handling had a net margin of 3.06% and a return on equity of 40.35%. As a group, analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current fiscal year.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Thursday, February 29th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 17.93%.

Insider Activity

In other news, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.10, for a total value of $680,932.00. Following the sale, the insider now directly owns 367,152 shares in the company, valued at approximately $21,331,531.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Frank F. Taplin sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the completion of the transaction, the insider now directly owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.10, for a total transaction of $680,932.00. Following the completion of the transaction, the insider now directly owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The disclosure for this sale can be found here. Company insiders own 33.93% of the company’s stock.

Hyster-Yale Materials Handling Profile

(Free Report)

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.

Recommended Stories

Want to see what other hedge funds are holding HY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyster-Yale Materials Handling, Inc. (NYSE:HYFree Report).

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

Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.