Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin purchased 7,893 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, September 19th. The stock was purchased at an average price of $48.46 per share, with a total value of $382,494.78. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 51.47 on Friday. The firm has a market cap of $843.39 million, a price-to-earnings ratio of 14.93 and a beta of 1.05. The firm has a 50-day moving average of $52.54 and a 200 day moving average of $60.45. Hyster-Yale Materials Handling Inc. has a 1-year low of $44.41 and a 1-year high of $70.19.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is presently 34.20%.

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Hyster-Yale Materials Handling by 1,624.0% in the second quarter. Royal Bank of Canada now owns 3,517 shares of the company’s stock valued at $209,000 after buying an additional 3,313 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Hyster-Yale Materials Handling by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 20,948 shares of the company’s stock valued at $1,246,000 after buying an additional 173 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,572 shares of the company’s stock valued at $3,425,000 after buying an additional 4,534 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Hyster-Yale Materials Handling by 3.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,179 shares of the company’s stock valued at $427,000 after buying an additional 207 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Hyster-Yale Materials Handling by 28.7% in the second quarter. AQR Capital Management LLC now owns 12,134 shares of the company’s stock valued at $722,000 after buying an additional 2,704 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.

About Hyster-Yale Materials Handling

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.

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