Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin acquired 14,252 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was purchased at an average price of $59.40 per share, for a total transaction of $846,568.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.40 on Tuesday. The company has a 50-day moving average of $52.62 and a 200-day moving average of $60.13. Hyster-Yale Materials Handling Inc. has a 52-week low of $44.41 and a 52-week high of $70.19. The stock has a market capitalization of $989.71 million, a price-to-earnings ratio of 17.52 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the 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%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Equities research analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is 34.20%.
Several institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Hyster-Yale Materials Handling during the fourth quarter worth about $8,608,000. Fuller & Thaler Asset Management Inc. raised its position in shares of 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 worth $33,411,000 after buying an additional 93,026 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $4,931,000. Emerald Acquisition Ltd. acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $3,072,000. Finally, Spark Investment Management LLC raised its position in shares of Hyster-Yale Materials Handling by 316.8% in the second quarter. Spark Investment Management LLC now owns 49,600 shares of the company’s stock worth $2,950,000 after buying an additional 37,700 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.
HY has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and a consensus target price of $69.00.
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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