Vontobel Holding Ltd. Has $5.66 Million Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Vontobel Holding Ltd. reduced its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,681 shares of the industrial products company's stock after selling 10,556 shares during the period. Vontobel Holding Ltd. owned approximately 0.51% of Hyster-Yale Materials Handling worth $5,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in Hyster-Yale Materials Handling during the first quarter valued at approximately $27,000. Quest Partners LLC boosted its position in shares of Hyster-Yale Materials Handling by 6,692.3% during the second quarter. Quest Partners LLC now owns 883 shares of the industrial products company's stock worth $62,000 after buying an additional 870 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $67,000. DekaBank Deutsche Girozentrale raised its position in Hyster-Yale Materials Handling by 67.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company's stock valued at $83,000 after buying an additional 548 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Hyster-Yale Materials Handling in the 1st quarter valued at approximately $190,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Materials Handling Stock Performance

Shares of HY stock traded up $0.08 during trading on Friday, reaching $67.71. 56,874 shares of the company's stock were exchanged, compared to its average volume of 92,836. Hyster-Yale Materials Handling, Inc. has a twelve month low of $38.50 and a twelve month high of $84.44. The firm's fifty day moving average price is $61.87 and its 200-day moving average price is $66.73. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.18 billion, a PE ratio of 7.72 and a beta of 1.31.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. During the same period in the previous year, the company earned $2.21 earnings per share. As a group, sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, August 30th. Hyster-Yale Materials Handling's dividend payout ratio is presently 16.22%.

Wall Street Analysts Forecast Growth

HY has been the subject of a number of analyst reports. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a report on Tuesday, September 24th. Finally, Roth Mkm reissued a "buy" rating and issued a $84.00 price objective (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.00.

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.