Hyster-Yale Materials Handling Inc. (HY) Chairman Alfred M. Et Al Rankin Buys 10,164 Shares of Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 10,164 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average price of $58.10 per share, with a total value of $590,528.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 60.13 on Monday. The stock has a 50 day moving average of $52.42 and a 200-day moving average of $60.22. Hyster-Yale Materials Handling Inc. has a one year low of $44.41 and a one year high of $70.19. The firm has a market capitalization of $985.29 million, a PE ratio of 17.44 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. The company earned $645.60 million during the quarter, compared to analysts’ expectations of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. On average, equities analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
A number of analysts have weighed in on HY shares. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $69.00.
A number of institutional investors have recently added to or reduced their stakes in HY. Norges Bank bought a new position in Hyster-Yale Materials Handling during the fourth quarter worth $8,608,000. Fuller & Thaler Asset Management Inc. boosted its position in Hyster-Yale Materials Handling by 19.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 561,620 shares of the company’s stock worth $33,411,000 after buying an additional 93,026 shares in the last quarter. Foundry Partners LLC bought a new position in Hyster-Yale Materials Handling during the second quarter worth $4,931,000. Emerald Acquisition Ltd. bought a new position in Hyster-Yale Materials Handling during the second quarter worth $3,072,000. Finally, Spark Investment Management LLC boosted its position in Hyster-Yale Materials Handling by 316.8% in the second quarter. Spark Investment Management LLC now owns 49,600 shares of the company’s stock worth $2,950,000 after buying an additional 37,700 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.
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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