Hyster-Yale Materials Handling, Inc. (NYSE:HY - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $42.11 and last traded at $42.16, with a volume of 18034 shares. The stock had previously closed at $44.46.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.
Check Out Our Latest Research Report on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Stock Performance
The stock has a market capitalization of $733.98 million, a P/E ratio of 4.65 and a beta of 1.27. The stock's 50-day simple moving average is $49.43 and its 200 day simple moving average is $54.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61.
Hyster-Yale Materials Handling Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.38%. Hyster-Yale Materials Handling's dividend payout ratio is currently 17.37%.
Hedge Funds Weigh In On Hyster-Yale Materials Handling
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hyster-Yale Materials Handling during the fourth quarter worth $27,000. Pinpoint Asset Management Ltd bought a new stake in Hyster-Yale Materials Handling during the 3rd quarter worth $32,000. Mattson Financial Services LLC acquired a new position in Hyster-Yale Materials Handling in the 4th quarter worth about $36,000. Meeder Asset Management Inc. raised its position in Hyster-Yale Materials Handling by 421.8% in the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 599 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter valued at about $76,000. Institutional investors own 46.47% of the company's stock.
About Hyster-Yale Materials Handling
(
Get 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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