Federated Hermes Inc. Has $7.18 Million Stock Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Federated Hermes Inc. lowered its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 32.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,927 shares of the industrial products company's stock after selling 66,435 shares during the period. Federated Hermes Inc. owned approximately 0.80% of Hyster-Yale Materials Handling worth $7,177,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. A&I Financial Services LLC acquired a new position in Hyster-Yale Materials Handling in the 4th quarter valued at $492,000. Barclays PLC increased its stake in shares of Hyster-Yale Materials Handling by 19.0% in the third quarter. Barclays PLC now owns 26,492 shares of the industrial products company's stock worth $1,690,000 after purchasing an additional 4,226 shares during the period. FMR LLC increased its stake in shares of Hyster-Yale Materials Handling by 31.9% in the third quarter. FMR LLC now owns 51,280 shares of the industrial products company's stock worth $3,270,000 after purchasing an additional 12,390 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Hyster-Yale Materials Handling during the 4th quarter worth about $321,000. Finally, Empowered Funds LLC bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at approximately $1,243,000. Institutional investors own 46.47% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

Hyster-Yale Materials Handling Price Performance

Shares of Hyster-Yale Materials Handling stock traded down $0.19 during midday trading on Wednesday, reaching $37.93. The company had a trading volume of 10,308 shares, compared to its average volume of 79,514. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $45.47 and a 200 day simple moving average of $52.77. Hyster-Yale Materials Handling, Inc. has a 1-year low of $34.13 and a 1-year high of $84.44. The company has a market capitalization of $671.25 million, a price-to-earnings ratio of 4.26 and a beta of 1.32.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio is presently 17.37%.

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.