Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 10,163 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average cost of $58.95 per share, with a total value of $599,108.85. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.50 on Wednesday. The stock’s 50 day moving average is $52.80 and its 200-day moving average is $60.08. Hyster-Yale Materials Handling Inc. has a 1-year low of $44.41 and a 1-year high of $70.19. The firm has a market cap of $991.35 million, a P/E ratio of 17.55 and a beta of 1.01.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The company earned $645.60 million during the quarter, compared to the consensus estimate of $632.33 million. During the same period in the previous year, the business posted $1.39 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Analysts forecast 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 paid 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 hedge funds and other institutional investors have recently modified their holdings of the stock. AXA increased its position in shares of Hyster-Yale Materials Handling by 17.1% in the first quarter. AXA now owns 25,130 shares of the company’s stock worth $1,674,000 after buying an additional 3,670 shares during the last quarter. BlackRock Group LTD increased its position in shares of Hyster-Yale Materials Handling by 22.1% in the first quarter. BlackRock Group LTD now owns 12,318 shares of the company’s stock worth $820,000 after buying an additional 2,230 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Hyster-Yale Materials Handling by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,157 shares of the company’s stock worth $343,000 after buying an additional 25 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Hyster-Yale Materials Handling during the second quarter worth $3,072,000. Finally, Spark Investment Management LLC increased its position in shares of Hyster-Yale Materials Handling by 190.2% in the first quarter. Spark Investment Management LLC now owns 11,900 shares of the company’s stock worth $792,000 after buying an additional 7,800 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently weighed in on HY. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note 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 stock. Hyster-Yale Materials Handling presently has an average 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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