Segall Bryant & Hamill LLC Acquires New Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Segall Bryant & Hamill LLC purchased a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,958 shares of the industrial products company's stock, valued at approximately $1,910,000. Segall Bryant & Hamill LLC owned 0.17% of Hyster-Yale Materials Handling as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Hyster-Yale Materials Handling by 0.5% during the second quarter. CWM LLC now owns 41,992 shares of the industrial products company's stock valued at $2,928,000 after purchasing an additional 192 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Hyster-Yale Materials Handling by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,442 shares of the industrial products company's stock valued at $310,000 after acquiring an additional 200 shares during the period. Summit Global Investments raised its position in shares of Hyster-Yale Materials Handling by 2.4% in the 2nd quarter. Summit Global Investments now owns 10,334 shares of the industrial products company's stock worth $721,000 after acquiring an additional 240 shares in the last quarter. Mcdonald Partners LLC lifted its stake in shares of Hyster-Yale Materials Handling by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company's stock worth $2,807,000 after purchasing an additional 352 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Hyster-Yale Materials Handling by 0.5% during the second quarter. AQR Capital Management LLC now owns 76,587 shares of the industrial products company's stock valued at $5,340,000 after purchasing an additional 363 shares in the last quarter. Institutional investors own 46.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Roth Mkm dropped their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 7th. Finally, StockNews.com cut shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $80.00.

Hyster-Yale Materials Handling Stock Performance

Shares of NYSE HY traded up $1.37 during trading on Friday, reaching $56.79. 66,176 shares of the company traded hands, compared to its average volume of 97,428. Hyster-Yale Materials Handling, Inc. has a 12-month low of $47.01 and a 12-month high of $84.44. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The stock has a market cap of $994.28 million, a P/E ratio of 6.37 and a beta of 1.32. The firm's fifty day simple moving average is $61.49 and its 200 day simple moving average is $66.41.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($1.00). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. During the same period last year, the firm earned $2.06 earnings per share. As a group, research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, November 29th. Hyster-Yale Materials Handling's payout ratio is 15.71%.

Hyster-Yale Materials Handling declared that its board has authorized a stock repurchase plan on Monday, November 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

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.