Prudential Financial Inc. Sells 9,120 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Prudential Financial Inc. cut its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,388 shares of the industrial products company's stock after selling 9,120 shares during the period. Prudential Financial Inc. owned 0.47% of Hyster-Yale Materials Handling worth $4,196,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HY. Pinpoint Asset Management Ltd acquired a new stake in shares of Hyster-Yale Materials Handling in the third quarter worth approximately $32,000. KLP Kapitalforvaltning AS purchased a new stake in Hyster-Yale Materials Handling during the fourth quarter worth approximately $76,000. US Bancorp DE increased its position in Hyster-Yale Materials Handling by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock worth $88,000 after buying an additional 389 shares during the period. Quantbot Technologies LP increased its position in Hyster-Yale Materials Handling by 1,613.2% in the 4th quarter. Quantbot Technologies LP now owns 3,238 shares of the industrial products company's stock valued at $165,000 after acquiring an additional 3,049 shares during the period. Finally, Amundi grew its holdings in Hyster-Yale Materials Handling by 111.6% during the fourth quarter. Amundi now owns 4,400 shares of the industrial products company's stock worth $221,000 after acquiring an additional 2,321 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Trading Down 0.4 %

Shares of HY stock traded down $0.15 during trading hours on Friday, reaching $36.90. 135,881 shares of the stock traded hands, compared to its average volume of 84,293. The business has a fifty day moving average price of $48.27 and a 200 day moving average price of $54.18. The firm has a market capitalization of $652.93 million, a PE ratio of 4.14 and a beta of 1.32. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a 1-year low of $34.92 and a 1-year high of $84.44.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling's payout ratio is presently 17.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

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.