Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC grew its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 63.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,865 shares of the industrial products company's stock after acquiring an additional 85,906 shares during the period. Acadian Asset Management LLC owned about 1.26% of Hyster-Yale Materials Handling worth $15,390,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. grew its stake in shares of Hyster-Yale Materials Handling by 298.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company's stock worth $8,479,000 after purchasing an additional 98,996 shares during the period. Hillsdale Investment Management Inc. increased its holdings in Hyster-Yale Materials Handling by 92,150.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 92,250 shares of the industrial products company's stock valued at $5,737,000 after buying an additional 92,150 shares in the last quarter. Swedbank AB acquired a new stake in shares of Hyster-Yale Materials Handling during the 1st quarter valued at approximately $5,519,000. Foundry Partners LLC purchased a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth approximately $5,046,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Hyster-Yale Materials Handling by 2,033.6% in the 1st quarter. Lazard Asset Management LLC now owns 69,449 shares of the industrial products company's stock worth $4,456,000 after acquiring an additional 66,194 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Trading Up 2.9 %

HY stock traded up $1.61 during midday trading on Tuesday, hitting $58.08. The stock had a trading volume of 71,873 shares, compared to its average volume of 97,114. The company's 50-day moving average price is $66.51 and its 200 day moving average price is $66.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. The firm has a market cap of $1.02 billion, a PE ratio of 6.54 and a beta of 1.32. Hyster-Yale Materials Handling, Inc. has a 12-month low of $38.50 and a 12-month high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last released its earnings results on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $2.21 earnings per share. On average, equities research analysts predict that Hyster-Yale Materials Handling, Inc. will post 9.69 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.41%. Hyster-Yale Materials Handling's dividend payout ratio is presently 16.22%.

Analyst Ratings Changes

A number of analysts have commented on HY shares. Northland Securities upgraded 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 research report on Wednesday, June 5th. Northland Capmk lowered shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Finally, Roth Mkm reissued a "buy" rating and set a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.