De Lisle Partners LLP Grows Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

De Lisle Partners LLP boosted its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 23.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,241 shares of the industrial products company’s stock after acquiring an additional 7,642 shares during the quarter. De Lisle Partners LLP’s holdings in Hyster-Yale Materials Handling were worth $2,564,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. CWM LLC increased its position in shares of Hyster-Yale Materials Handling by 0.5% during the 2nd quarter. CWM LLC now owns 41,992 shares of the industrial products company’s stock valued at $2,928,000 after purchasing an additional 192 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Hyster-Yale Materials Handling by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 4,442 shares of the industrial products company’s stock valued at $310,000 after buying an additional 200 shares during the last quarter. Summit Global Investments raised its position in Hyster-Yale Materials Handling by 2.4% in the second quarter. Summit Global Investments now owns 10,334 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 240 shares during the period. Mcdonald Partners LLC boosted its stake in shares of Hyster-Yale Materials Handling by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company’s stock worth $2,807,000 after acquiring an additional 352 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Hyster-Yale Materials Handling by 0.5% during the 2nd quarter. AQR Capital Management LLC now owns 76,587 shares of the industrial products company’s stock valued at $5,340,000 after acquiring an additional 363 shares during the period. Institutional investors own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HY. StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm lowered their price objective on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Hyster-Yale Materials Handling Trading Down 1.2 %

Shares of Hyster-Yale Materials Handling stock opened at $56.14 on Thursday. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $47.05 and a fifty-two week high of $84.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The company has a market capitalization of $982.90 million, a P/E ratio of 6.30 and a beta of 1.32. The company has a fifty day moving average of $61.28 and a 200 day moving average of $66.00.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. During the same period last year, the company earned $2.06 EPS. On average, sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling declared that its board has approved a stock repurchase plan on Monday, November 18th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Hyster-Yale Materials Handling Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, November 29th. Hyster-Yale Materials Handling’s payout ratio is currently 15.71%.

Hyster-Yale Materials Handling Company Profile

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.