Separately, Zacks Investment Research upgraded Hyster-Yale Materials Handling from a sell rating to a hold rating in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Hyster-Yale Materials Handling currently has an average rating of Hold and a consensus price target of $69.00.
Shares of Hyster-Yale Materials Handling (NYSE:HY) opened at 57.48 on Friday. The company has a market capitalization of $941.87 million, a PE ratio of 16.67 and a beta of 1.05. The stock’s 50 day moving average price is $52.08 and its 200-day moving average price is $60.27. Hyster-Yale Materials Handling has a 52-week low of $44.41 and a 52-week high of $70.19.
Hyster-Yale Materials Handling (NYSE:HY) last posted 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 firm had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. On average, analysts expect that Hyster-Yale Materials Handling will post $3.04 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date was Tuesday, August 30th. This represents a $1.18 annualized dividend and a yield of 2.05%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 34.20%.
In related news, Chairman Alfred M. Et Al Rankin purchased 9,381 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, September 19th. The stock was purchased at an average cost of $48.46 per share, with a total value of $454,603.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clara L. T. Rankin purchased 7,893 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average cost of $48.46 per share, with a total value of $382,494.78. The disclosure for this purchase can be found here. Corporate insiders own 25.56% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of HY. Bank of Montreal Can bought a new position in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $133,000. Acadian Asset Management LLC boosted its stake 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 during the last quarter. BlackRock Inc. boosted its stake 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 during the last quarter. Royal Bank of Canada boosted its stake 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 during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth about $301,000. 70.59% of the stock is owned by hedge funds and other institutional investors.
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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