Hyster-Yale Materials Handling Inc. (HY) Chairman Acquires $583,500.50 in Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 9,575 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were acquired at an average price of $60.94 per share, for a total transaction of $583,500.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) traded up 1.40% during trading on Wednesday, reaching $61.35. 68,909 shares of the company’s stock were exchanged. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19. The stock has a 50 day moving average price of $52.80 and a 200-day moving average price of $60.08. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.79 and a beta of 1.01.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates 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 earned $645.60 million during the quarter, compared to analyst estimates of $632.33 million. During the same period in the prior year, the firm earned $1.39 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 34.20%.
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of Hyster-Yale Materials Handling during the second quarter valued at about $133,000. Acadian Asset Management LLC increased its position 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 valued at $179,000 after buying an additional 1,310 shares during the period. Foundry Partners LLC purchased a new position in shares of Hyster-Yale Materials Handling during the second quarter valued at about $4,931,000. Fisher Asset Management LLC increased its position in shares of Hyster-Yale Materials Handling by 2.6% in the second quarter. Fisher Asset Management LLC now owns 70,169 shares of the company’s stock valued at $4,330,000 after buying an additional 1,780 shares during the period. Finally, Barclays PLC increased its position 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 valued at $316,000 after buying an additional 3,713 shares during the period. 70.59% of the stock is owned by institutional investors.
A number of equities analysts have commented on HY shares. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.00.
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.
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