Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 1,346 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The shares were acquired at an average cost of $64.98 per share, for a total transaction of $87,463.08. The transaction was disclosed in a document filed with the SEC, which is available through this link.
NYSE:HY traded down $0.38 during trading hours on Thursday, reaching $62.10. The stock had a trading volume of 100 shares, compared to its average volume of 32,730. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 0.87. Hyster-Yale Materials Handling Inc has a 52 week low of $56.40 and a 52 week high of $93.90. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 15.35 and a beta of 1.24.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $765.60 million during the quarter, compared to the consensus estimate of $797.00 million. During the same period in the previous year, the firm earned $0.85 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. analysts anticipate that Hyster-Yale Materials Handling Inc will post 3.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, August 30th. Hyster-Yale Materials Handling’s payout ratio is 30.54%.
Several brokerages recently issued reports on HY. ValuEngine downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet downgraded Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $66.00.
A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Hyster-Yale Materials Handling by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,676 shares of the industrial products company’s stock worth $61,081,000 after acquiring an additional 34,490 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Hyster-Yale Materials Handling by 2.3% in the 2nd quarter. LSV Asset Management now owns 697,316 shares of the industrial products company’s stock worth $44,802,000 after purchasing an additional 15,700 shares during the period. BlackRock Inc. boosted its holdings in shares of Hyster-Yale Materials Handling by 5.9% in the 2nd quarter. BlackRock Inc. now owns 659,197 shares of the industrial products company’s stock worth $42,353,000 after purchasing an additional 36,744 shares during the period. Royce & Associates LP boosted its holdings in shares of Hyster-Yale Materials Handling by 7.3% in the 2nd quarter. Royce & Associates LP now owns 311,633 shares of the industrial products company’s stock worth $20,022,000 after purchasing an additional 21,116 shares during the period. Finally, FMR LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 2.4% in the 2nd quarter. FMR LLC now owns 298,643 shares of the industrial products company’s stock worth $19,188,000 after purchasing an additional 7,079 shares during the period. 50.63% of the stock is currently owned by institutional investors and hedge funds.
About Hyster-Yale Materials Handling
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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