Hunter Associates Investment Management LLC Decreases Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Hunter Associates Investment Management LLC lowered its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 74.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the industrial products company's stock after selling 17,000 shares during the quarter. Hunter Associates Investment Management LLC's holdings in Hyster-Yale Materials Handling were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HY. Geode Capital Management LLC raised its holdings in Hyster-Yale Materials Handling by 0.7% during the third quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company's stock worth $16,320,000 after buying an additional 1,658 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hyster-Yale Materials Handling by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 115,159 shares of the industrial products company's stock valued at $7,344,000 after acquiring an additional 4,296 shares in the last quarter. AQR Capital Management LLC boosted its stake in 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 purchasing an additional 363 shares during the last quarter. Foundry Partners LLC increased its holdings in Hyster-Yale Materials Handling by 1.6% during the 3rd quarter. Foundry Partners LLC now owns 73,525 shares of the industrial products company's stock worth $4,689,000 after purchasing an additional 1,162 shares in the last quarter. Finally, FMR LLC raised 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 last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Materials Handling Stock Performance

Shares of Hyster-Yale Materials Handling stock traded up $0.58 during trading hours on Tuesday, hitting $52.54. 21,808 shares of the company's stock traded hands, compared to its average volume of 70,291. The company has a fifty day simple moving average of $53.11 and a 200-day simple moving average of $59.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The stock has a market capitalization of $919.89 million, a price-to-earnings ratio of 5.90 and a beta of 1.26. Hyster-Yale Materials Handling, Inc. has a 12-month low of $48.73 and a 12-month high of $84.44.

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 EPS 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $2.06 EPS. Equities research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling declared that its board has approved a share buyback program on Monday, November 18th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.35 per share. The ex-dividend date was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.66%. Hyster-Yale Materials Handling's dividend payout ratio is presently 15.71%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HY shares. StockNews.com lowered shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Roth Mkm reduced their price objective on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hyster-Yale Materials Handling has a consensus rating of "Moderate Buy" and an average target price of $80.00.

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.