Swedbank AB Has $3.55 Million Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Swedbank AB decreased its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 24.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,708 shares of the industrial products company's stock after selling 18,203 shares during the period. Swedbank AB owned about 0.32% of Hyster-Yale Materials Handling worth $3,552,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hyster-Yale Materials Handling by 29.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 287,698 shares of the industrial products company's stock worth $18,462,000 after buying an additional 65,708 shares during the period. Acadian Asset Management LLC grew its position in shares of Hyster-Yale Materials Handling by 63.7% in the second quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company's stock valued at $15,390,000 after purchasing an additional 85,906 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Hyster-Yale Materials Handling by 149.8% during the second quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company's stock worth $10,546,000 after purchasing an additional 90,696 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Hyster-Yale Materials Handling by 298.7% during the first 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. Finally, Bank of New York Mellon Corp lifted its holdings in Hyster-Yale Materials Handling by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,550 shares of the industrial products company's stock worth $8,057,000 after purchasing an additional 2,619 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE:HY traded up $0.08 during trading on Friday, reaching $67.71. 56,874 shares of the company traded hands, compared to its average volume of 92,836. The firm has a market capitalization of $1.18 billion, a PE ratio of 7.85 and a beta of 1.31. Hyster-Yale Materials Handling, Inc. has a 52 week low of $38.50 and a 52 week high of $84.44. 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 company's 50 day moving average is $62.02 and its two-hundred day moving average is $66.78.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, topping the consensus estimate of $2.28 by $1.30. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the business posted $2.21 earnings per share. As a group, sell-side analysts predict that Hyster-Yale Materials Handling, Inc. will post 9.69 earnings per share 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. Investors of record on Friday, August 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.07%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is 16.22%.

Analysts Set New Price Targets

Several research analysts have weighed in on HY shares. Roth Mkm reiterated a "buy" rating and set 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. 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, StockNews.com raised shares of Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.00.

Hyster-Yale Materials Handling 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.