Algert Global LLC Acquires 3,512 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Algert Global LLC lifted its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,045 shares of the industrial products company’s stock after buying an additional 3,512 shares during the quarter. Algert Global LLC owned about 0.14% of Hyster-Yale Materials Handling worth $1,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HY. Scotia Capital Inc. raised its stake in shares of Hyster-Yale Materials Handling by 0.7% in the fourth quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company’s stock worth $1,623,000 after acquiring an additional 223 shares during the last quarter. Isthmus Partners LLC lifted its holdings in Hyster-Yale Materials Handling by 0.5% during the 4th quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company’s stock worth $2,403,000 after buying an additional 238 shares in the last quarter. US Bancorp DE boosted its position in Hyster-Yale Materials Handling by 29.1% in the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after buying an additional 389 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Hyster-Yale Materials Handling by 17.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock valued at $154,000 after buying an additional 448 shares during the period. Finally, Sei Investments Co. raised its position in shares of Hyster-Yale Materials Handling by 1.1% during the fourth quarter. Sei Investments Co. now owns 46,210 shares of the industrial products company’s stock worth $2,353,000 after acquiring an additional 507 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Thursday.

Hyster-Yale Materials Handling Stock Performance

HY stock opened at $39.80 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a twelve month low of $34.13 and a twelve month high of $84.44. The business’s fifty day moving average is $40.93 and its 200-day moving average is $49.51. The company has a market cap of $704.34 million, a P/E ratio of 4.47 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $910.40 million during the quarter, compared to analyst estimates of $947.80 million. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. Equities research analysts forecast that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 3.52%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 24.96%.

About Hyster-Yale Materials Handling

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.