Privium Fund Management UK Ltd Invests $1.24 Million in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Privium Fund Management UK Ltd bought a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,429 shares of the industrial products company's stock, valued at approximately $1,235,000. Privium Fund Management UK Ltd owned approximately 0.11% of Hyster-Yale Materials Handling as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. CWM LLC lifted its stake in Hyster-Yale Materials Handling by 0.5% in the 2nd quarter. CWM LLC now owns 41,992 shares of the industrial products company's stock worth $2,928,000 after acquiring an additional 192 shares in the last quarter. Summit Global Investments increased its holdings in shares of Hyster-Yale Materials Handling by 2.4% during the 2nd quarter. Summit Global Investments now owns 10,334 shares of the industrial products company's stock valued at $721,000 after acquiring an additional 240 shares during the last quarter. Mcdonald Partners LLC increased its holdings in shares of Hyster-Yale Materials Handling by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company's stock valued at $2,807,000 after acquiring an additional 352 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Hyster-Yale Materials Handling by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company's stock valued at $518,000 after acquiring an additional 395 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Hyster-Yale Materials Handling during the 1st quarter valued at about $27,000. Institutional investors own 46.47% of the company's stock.

Hyster-Yale Materials Handling Trading Down 3.5 %

Shares of NYSE HY traded down $2.18 during midday trading on Tuesday, hitting $60.78. The stock had a trading volume of 76,310 shares, compared to its average volume of 98,232. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $84.44. The company's 50-day simple moving average is $67.36 and its 200 day simple moving average is $66.61. The firm has a market cap of $1.06 billion, a P/E ratio of 7.04 and a beta of 1.35.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $1.30. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. Research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.91 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.35 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.30%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is currently 16.22%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HY. Roth Mkm reissued a "buy" rating and set a $84.00 price objective (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a report on Thursday, August 8th. Northland Securities raised Hyster-Yale Materials Handling from a "market perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Wednesday, June 5th. Finally, Northland Capmk lowered Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Hyster-Yale Materials Handling currently has an average rating of "Moderate Buy" and a consensus price target 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.