Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Btr 2012 Gst Trust For Helen R acquired 1,468 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were purchased at an average cost of $48.47 per share, with a total value of $71,153.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 57.48 on Wednesday. Hyster-Yale Materials Handling Inc. has a one year low of $44.41 and a one year high of $70.19. The firm has a market cap of $941.87 million, a price-to-earnings ratio of 16.67 and a beta of 1.05. The company has a 50 day moving average of $52.08 and a 200-day moving average of $60.27.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. The company had revenue of $645.60 million for the quarter, compared to analyst estimates of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. Hyster-Yale Materials Handling’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. On average, analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is 34.20%.
Several research firms have recently weighed in on HY. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.00.
A number of institutional investors have recently added to or reduced their stakes in HY. Bank of Montreal Can bought a new position in Hyster-Yale Materials Handling during the second quarter worth about $133,000. Acadian Asset Management LLC boosted its position in Hyster-Yale Materials Handling by 77.4% in the second quarter. Acadian Asset Management LLC now owns 3,002 shares of the company’s stock worth $179,000 after buying an additional 1,310 shares in the last quarter. BlackRock Inc. boosted its position in Hyster-Yale Materials Handling by 242.2% in the second quarter. BlackRock Inc. now owns 3,114 shares of the company’s stock worth $184,000 after buying an additional 2,204 shares in the last quarter. Royal Bank of Canada boosted its position in Hyster-Yale Materials Handling by 1,624.0% in the second quarter. Royal Bank of Canada now owns 3,517 shares of the company’s stock worth $209,000 after buying an additional 3,313 shares in the last quarter. Finally, Barclays PLC boosted its position in Hyster-Yale Materials Handling by 345.7% in the first quarter. Barclays PLC now owns 4,787 shares of the company’s stock worth $316,000 after buying an additional 3,713 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems.
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