Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 2,718 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was bought at an average cost of $56.43 per share, for a total transaction of $153,376.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.42 on Thursday. The company has a market capitalization of $957.27 million, a price-to-earnings ratio of 16.94 and a beta of 1.05. The stock has a 50 day moving average price of $52.16 and a 200-day moving average price of $60.26. Hyster-Yale Materials Handling Inc. has a 12 month low of $44.41 and a 12 month high of $70.19.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.34. The business earned $645.60 million during 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 business’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. Analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 34.20%.
Several institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Hyster-Yale Materials Handling during the second quarter worth $133,000. Acadian Asset Management LLC raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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, Barclays PLC raised its position in shares of 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 during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on HY shares. Zacks Investment Research cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Sidoti raised Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $69.00.
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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