Prudential Financial Inc. decreased its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,388 shares of the industrial products company's stock after selling 9,120 shares during the quarter. Prudential Financial Inc. owned approximately 0.47% of Hyster-Yale Materials Handling worth $4,196,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pinpoint Asset Management Ltd bought a new stake in Hyster-Yale Materials Handling during the third quarter worth approximately $32,000. KLP Kapitalforvaltning AS bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth $76,000. US Bancorp DE lifted its position in Hyster-Yale Materials Handling by 29.1% during the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock worth $88,000 after acquiring an additional 389 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Hyster-Yale Materials Handling by 1,613.2% during the fourth 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 position in shares of Hyster-Yale Materials Handling by 111.6% in the fourth quarter. Amundi now owns 4,400 shares of the industrial products company's stock valued at $221,000 after purchasing an additional 2,321 shares during the last quarter. Institutional investors own 46.47% of the company's stock.
Hyster-Yale Materials Handling Stock Performance
Shares of HY traded down $0.15 during trading hours on Friday, reaching $36.90. 135,881 shares of the company traded hands, compared to its average volume of 84,389. Hyster-Yale Materials Handling, Inc. has a 1-year low of $34.99 and a 1-year high of $84.44. The stock has a market cap of $652.93 million, a P/E ratio of 4.14 and a beta of 1.32. The stock's fifty day moving average is $48.60 and its 200 day moving average is $54.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36.
Hyster-Yale Materials Handling Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.79%. Hyster-Yale Materials Handling's dividend payout ratio is currently 17.37%.
Analyst Ratings Changes
Separately, StockNews.com lowered Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Friday, March 7th.
Get Our Latest Analysis on HY
Hyster-Yale Materials Handling Profile
(
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.
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