Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 10,164 shares of the company’s stock in a transaction dated Tuesday, September 27th. The stock was bought at an average cost of $57.02 per share, with a total value of $579,551.28. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.60 on Friday. The company’s 50 day moving average is $52.24 and its 200-day moving average is $60.25. The company has a market cap of $960.22 million, a P/E ratio of 17.00 and a beta of 1.05. 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 announced its quarterly earnings results on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.34. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The business had revenue of $645.60 million for the quarter, compared to analyst estimates of $632.33 million. During the same quarter last year, the company earned $1.39 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 annualized dividend and a dividend yield of 2.01%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 34.20%.
HY has been the subject of several research analyst reports. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.00.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $133,000. Acadian Asset Management LLC increased 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 valued at $179,000 after buying an additional 1,310 shares in the last quarter. BlackRock Inc. increased 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 valued at $184,000 after buying an additional 2,204 shares in the last quarter. Royal Bank of Canada increased 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 valued at $209,000 after buying an additional 3,313 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Hyster-Yale Materials Handling during the second quarter valued at about $301,000. Institutional investors own 70.59% of the company’s stock.
About Hyster-Yale Materials Handling
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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