Hunter Associates Investment Management LLC decreased its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 43.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,800 shares of the industrial products company's stock after selling 17,850 shares during the period. Hunter Associates Investment Management LLC owned about 0.13% of Hyster-Yale Materials Handling worth $1,457,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Hyster-Yale Materials Handling by 112.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,193 shares of the industrial products company's stock valued at $911,000 after purchasing an additional 7,526 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted 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 valued at $18,462,000 after buying an additional 65,708 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Hyster-Yale Materials Handling by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company's stock worth $518,000 after buying an additional 395 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Hyster-Yale Materials Handling in the first quarter worth $190,000. Finally, Gallacher Capital Management LLC increased its position in Hyster-Yale Materials Handling by 107.4% during the first quarter. Gallacher Capital Management LLC now owns 8,924 shares of the industrial products company's stock valued at $573,000 after acquiring an additional 4,622 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Northland Capmk downgraded Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Roth Mkm restated a "buy" rating and set a $84.00 target price (down from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. 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 investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.00.
Get Our Latest Stock Report on HY
Hyster-Yale Materials Handling Stock Performance
Shares of HY stock traded down $2.26 during trading hours on Tuesday, reaching $64.40. 48,154 shares of the company traded hands, compared to its average volume of 91,322. The firm has a 50-day moving average price of $62.74 and a 200 day moving average price of $66.86. The company has a market cap of $1.13 billion, a P/E ratio of 6.44 and a beta of 1.31. 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 12-month low of $38.50 and a 12-month high of $84.44.
Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $2.28 by $1.30. The business 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 quarter in the previous year, the firm earned $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 fiscal year.
Hyster-Yale Materials Handling Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.17%. The ex-dividend date was Friday, August 30th. Hyster-Yale Materials Handling's dividend payout ratio is currently 14.00%.
About Hyster-Yale Materials Handling
(
Free Report)
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.
Featured Articles
Before you consider Hyster-Yale Materials Handling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hyster-Yale Materials Handling wasn't on the list.
While Hyster-Yale Materials Handling currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.