Vanguard Group Inc. Trims Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Vanguard Group Inc. lowered its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,112,489 shares of the industrial products company's stock after selling 6,965 shares during the quarter. Vanguard Group Inc. owned 6.35% of Hyster-Yale Materials Handling worth $56,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HY. KLP Kapitalforvaltning AS bought a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth $76,000. US Bancorp DE grew its holdings in shares of 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 valued at $88,000 after buying an additional 389 shares during the last quarter. Quantbot Technologies LP lifted 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 in the last quarter. Amundi lifted its holdings 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 in the last quarter. Finally, Bailard Inc. boosted its holdings in Hyster-Yale Materials Handling by 15.9% during the fourth quarter. Bailard Inc. now owns 5,100 shares of the industrial products company's stock worth $260,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Materials Handling Price Performance

NYSE:HY traded up $0.40 during trading hours on Thursday, hitting $38.40. 8,798 shares of the company's stock traded hands, compared to its average volume of 79,857. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The business's fifty day simple moving average is $45.19 and its two-hundred day simple moving average is $52.67. The firm has a market cap of $679.55 million, a P/E ratio of 4.31 and a beta of 1.32. Hyster-Yale Materials Handling, Inc. has a 52 week low of $34.13 and a 52 week high of $84.44.

Hyster-Yale Materials Handling Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 3.65%. Hyster-Yale Materials Handling's payout ratio is currently 17.37%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.

About Hyster-Yale Materials Handling

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.