Insider Buying: Hyster-Yale Materials Handling Inc (HY) Insider Acquires 360 Shares of Stock

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Hyster-Yale Materials Handling Inc (NYSE:HY) insider John C. Butler, Jr. purchased 360 shares of the company’s stock in a transaction on Thursday, October 18th. The shares were purchased at an average price of $62.45 per share, for a total transaction of $22,482.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hyster-Yale Materials Handling stock opened at $59.71 on Friday. Hyster-Yale Materials Handling Inc has a fifty-two week low of $56.40 and a fifty-two week high of $93.90. The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 14.71 and a beta of 1.17.

Hyster-Yale Materials Handling (NYSE:HY) last issued its earnings results on Tuesday, July 31st. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Hyster-Yale Materials Handling had a return on equity of 8.26% and a net margin of 1.14%. The company had revenue of $765.60 million during the quarter, compared to analysts’ expectations of $797.00 million. During the same quarter in the previous year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year.

Several analysts have weighed in on the company. ValuEngine upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Finally, TheStreet downgraded Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling presently has an average rating of “Hold” and a consensus price target of $66.00.

Several institutional investors and hedge funds have recently modified their holdings of HY. Wells Fargo & Company MN boosted its stake in shares of Hyster-Yale Materials Handling by 112.3% in the first quarter. Wells Fargo & Company MN now owns 29,569 shares of the industrial products company’s stock worth $2,067,000 after buying an additional 15,644 shares during the last quarter. Northern Trust Corp boosted its position in Hyster-Yale Materials Handling by 1.9% during the first quarter. Northern Trust Corp now owns 133,683 shares of the industrial products company’s stock worth $9,349,000 after purchasing an additional 2,455 shares in the last quarter. Barclays PLC boosted its position in Hyster-Yale Materials Handling by 40.5% during the first quarter. Barclays PLC now owns 3,772 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 1,087 shares in the last quarter. Millennium Management LLC purchased a new position in Hyster-Yale Materials Handling during the first quarter worth approximately $2,158,000. Finally, Legal & General Group Plc boosted its position in Hyster-Yale Materials Handling by 34.9% during the first quarter. Legal & General Group Plc now owns 4,803 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 1,243 shares in the last quarter. Hedge funds and other institutional investors own 50.63% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

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