Canandaigua National Bank & Trust Co. continued to hold its stake in Hyster-Yale Materials Handling Inc. (NYSE:HY) during the second quarter, Holdings Channel reports. The fund owned 25,900 shares of the company’s stock at the end of the second quarter. Canandaigua National Bank & Trust Co. owned 0.16% of Hyster-Yale Materials Handling worth $1,541,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth $133,000. Acadian Asset Management LLC raised its stake in shares of Hyster-Yale Materials Handling by 77.4% in the second quarter. Acadian Asset Management LLC now owns 3,002 shares of the company’s stock worth $179,000 after buying an additional 1,310 shares during the last quarter. Barclays PLC raised its stake in shares of Hyster-Yale Materials Handling by 345.7% in the first quarter. Barclays PLC now owns 4,787 shares of the company’s stock worth $316,000 after buying an additional 3,713 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Hyster-Yale Materials Handling by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,157 shares of the company’s stock worth $343,000 after buying an additional 25 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth $460,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Hyster-Yale Materials Handling Inc. (NYSE:HY) traded down 0.02% on Tuesday, reaching $48.33. 55,927 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $53.87 and a 200-day moving average of $60.70. The stock has a market cap of $791.94 million, a price-to-earnings ratio of 14.02 and a beta of 1.05. Hyster-Yale Materials Handling Inc. has a one year low of $44.41 and a one year high of $70.19.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The business had revenue of $645.60 million for the quarter, compared to analysts’ expectations of $632.33 million. During the same period in the previous year, the company earned $1.39 EPS. Hyster-Yale Materials Handling’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Hyster-Yale Materials Handling Inc. will post $2.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 34.20%.

Separately, Zacks Investment Research lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems.

5 Day Chart for NYSE:HY

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