Hyster-Yale Materials Handling Inc. (HY) Insider Clara L. T. Rankin Buys 16,112 Shares of Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin acquired 16,112 shares of the stock in a transaction on Tuesday, October 4th. The shares were acquired at an average price of $60.74 per share, with a total value of $978,642.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 61.35 on Thursday. The stock has a 50 day moving average of $53.04 and a 200 day moving average of $60.09. Hyster-Yale Materials Handling Inc. has a 12-month low of $44.41 and a 12-month high of $70.19. The company has a market cap 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 posted its earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.34. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The firm earned $645.60 million during the quarter, compared to analyst estimates of $632.33 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current fiscal year.
The business also recently declared 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 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is presently 34.20%.
Several equities analysts have commented on HY shares. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.00.
A number of large investors have recently modified their holdings of HY. Bank of Montreal Can bought a new stake in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $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 valued at $179,000 after buying an additional 1,310 shares during the last quarter. BlackRock Inc. raised its stake in shares of Hyster-Yale Materials Handling by 242.2% in the second quarter. BlackRock Inc. now owns 3,114 shares of the company’s stock valued at $184,000 after buying an additional 2,204 shares during the last quarter. Royal Bank of Canada raised 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 during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $301,000. 70.59% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Hyster-Yale Materials Handling Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling Inc. and related companies with MarketBeat.com's FREE daily email newsletter.