Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin purchased 16,112 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was bought at an average price of $60.74 per share, with a total value of $978,642.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) traded up 1.40% during midday trading on Wednesday, reaching $61.35. 68,909 shares of the company were exchanged. Hyster-Yale Materials Handling Inc. has a 52-week low of $44.41 and a 52-week high of $70.19. The firm’s 50 day moving average is $52.80 and its 200-day moving average is $60.08. The company has a market capitalization of $1.01 billion, a PE ratio of 17.79 and a beta of 1.01.
Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $645.60 million for the quarter, compared to analyst estimates of $632.33 million. During the same period last year, the firm posted $1.39 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 34.20%.
Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Hyster-Yale Materials Handling during the fourth quarter valued at about $8,608,000. 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 valued at $343,000 after buying an additional 25 shares during the period. BlackRock Group LTD boosted its stake 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 in the last quarter. Spark Investment Management LLC boosted its stake 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth $460,000. 70.59% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the stock. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. One 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. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average price target 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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