Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Victoire G. Rankin bought 7,448 shares of the stock in a transaction on Monday, September 26th. The stock was purchased at an average price of $56.43 per share, with a total value of $420,290.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.13 on Monday. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19. The company’s 50 day moving average price is $52.42 and its 200-day moving average price is $60.22. The stock has a market capitalization of $985.29 million, a PE ratio of 17.44 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the Zacks’ 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 company had revenue of $645.60 million for the quarter, compared to analysts’ expectations of $632.33 million. During the same quarter in the previous year, the business posted $1.39 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict 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. The ex-dividend date was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a yield of 1.96%. Hyster-Yale Materials Handling’s payout ratio is 34.20%.
Several equities research analysts have weighed in on HY shares. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. 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 assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.00.
A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Hyster-Yale Materials Handling by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 864,754 shares of the company’s stock valued at $51,443,000 after buying an additional 22,090 shares during the period. LSV Asset Management boosted its stake in Hyster-Yale Materials Handling by 2.8% in the second quarter. LSV Asset Management now owns 769,719 shares of the company’s stock valued at $45,790,000 after buying an additional 21,156 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Hyster-Yale Materials Handling by 19.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 561,620 shares of the company’s stock valued at $33,411,000 after buying an additional 93,026 shares during the period. Franklin Resources Inc. boosted its stake in Hyster-Yale Materials Handling by 11.9% in the second quarter. Franklin Resources Inc. now owns 296,160 shares of the company’s stock valued at $17,618,000 after buying an additional 31,580 shares during the period. Finally, QV Investors Inc. boosted its stake in Hyster-Yale Materials Handling by 4.2% in the second quarter. QV Investors Inc. now owns 272,106 shares of the company’s stock valued at $16,188,000 after buying an additional 11,045 shares during the period. Hedge funds and other 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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