GSA Capital Partners LLP bought a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,573 shares of the industrial products company's stock, valued at approximately $866,000. GSA Capital Partners LLP owned about 0.08% of Hyster-Yale Materials Handling as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Hyster-Yale Materials Handling by 21,350.0% during the 3rd quarter. Covestor Ltd now owns 429 shares of the industrial products company's stock worth $27,000 after purchasing an additional 427 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Hyster-Yale Materials Handling during the third quarter worth about $582,000. Allspring Global Investments Holdings LLC increased its position in Hyster-Yale Materials Handling by 27.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,762 shares of the industrial products company's stock valued at $878,000 after acquiring an additional 2,963 shares during the period. Inspire Investing LLC raised its stake in Hyster-Yale Materials Handling by 86.8% during the 3rd quarter. Inspire Investing LLC now owns 20,299 shares of the industrial products company's stock valued at $1,294,000 after acquiring an additional 9,432 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Hyster-Yale Materials Handling during the 3rd quarter worth approximately $2,309,000. 46.47% of the stock is owned by institutional investors and hedge funds.
Hyster-Yale Materials Handling Price Performance
Shares of Hyster-Yale Materials Handling stock traded up $0.17 during trading on Friday, reaching $53.17. The company's stock had a trading volume of 112,545 shares, compared to its average volume of 86,303. The business has a 50 day moving average price of $61.77 and a 200-day moving average price of $66.54. Hyster-Yale Materials Handling, Inc. has a 12-month low of $46.25 and a 12-month high of $84.44. The company has a market capitalization of $930.48 million, a P/E ratio of 5.97 and a beta of 1.32. 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 (NYSE:HY - Get Free Report) last posted its quarterly earnings results 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). Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $2.06 earnings per share. As a group, sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.
Hyster-Yale Materials Handling Dividend Announcement
The business also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. Hyster-Yale Materials Handling's payout ratio is 15.71%.
Analyst Ratings Changes
A number of research firms have recently issued reports on HY. StockNews.com lowered Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Roth Mkm reduced their target price on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hyster-Yale Materials Handling presently has an average rating of "Moderate Buy" and an average price target of $80.00.
Read Our Latest Stock Report on HY
About Hyster-Yale Materials Handling
(
Free Report)
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.
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