Hyster-Yale Materials Handling, Inc. (NYSE:HY) Stake Reduced by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. trimmed its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 17.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,662 shares of the industrial products company's stock after selling 4,648 shares during the period. EFG Asset Management North America Corp. owned 0.12% of Hyster-Yale Materials Handling worth $1,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HY. Summit Global Investments raised its position in shares of 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 valued at $721,000 after buying an additional 240 shares during the last quarter. Mcdonald Partners LLC raised its position in shares of Hyster-Yale Materials Handling by 0.9% in the second quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company's stock valued at $2,807,000 after buying an additional 352 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Hyster-Yale Materials Handling in the second quarter valued at about $210,000. CWM LLC raised its position in shares of Hyster-Yale Materials Handling by 0.5% in the second quarter. CWM LLC now owns 41,992 shares of the industrial products company's stock valued at $2,928,000 after buying an additional 192 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Hyster-Yale Materials Handling by 67.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company's stock worth $83,000 after purchasing an additional 548 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Trading Up 1.1 %

Shares of HY traded up $0.66 during trading on Monday, reaching $62.28. 60,429 shares of the company traded hands, compared to its average volume of 98,982. Hyster-Yale Materials Handling, Inc. has a twelve month low of $38.50 and a twelve month high of $84.44. The stock has a market cap of $1.09 billion, a PE ratio of 7.22 and a beta of 1.35. The stock has a 50-day simple moving average of $68.60 and a 200-day simple moving average of $66.96. The company has a quick ratio of 0.56, a current ratio of 1.25 and a debt-to-equity ratio of 0.58.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $1.30. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the business earned $2.21 earnings per share. On average, analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.3 earnings per share for the current year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, August 30th. Hyster-Yale Materials Handling's payout ratio is 16.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HY shares. Northland Capmk cut shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Roth Mkm restated a "buy" rating and set a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. Finally, Northland Securities upgraded shares of Hyster-Yale Materials Handling from a "market perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.00.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, 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.