Hyster-Yale Materials Handling Inc. (HY) Chairman Alfred M. Et Al Rankin Acquires 669 Shares of Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 669 shares of the business’s stock in a transaction on Thursday, October 6th. The shares were acquired at an average price of $61.34 per share, with a total value of $41,036.46. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.56 on Monday. The firm has a market cap of $959.56 million, a price-to-earnings ratio of 16.98 and a beta of 1.00. Hyster-Yale Materials Handling Inc. has a 12-month low of $44.41 and a 12-month high of $70.19. The stock’s 50 day moving average is $53.42 and its 200 day moving average is $60.03.
Hyster-Yale Materials Handling (NYSE:HY) last released 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 firm had revenue of $645.60 million for the quarter, compared to analyst estimates 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 for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Equities analysts expect that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.295 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.18 annualized dividend and a dividend yield of 2.02%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
A number of research analysts have commented on HY shares. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Sidoti upgraded 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 issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $69.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HY. AXA raised its position in Hyster-Yale Materials Handling by 17.1% in the first quarter. AXA now owns 25,130 shares of the company’s stock valued at $1,674,000 after buying an additional 3,670 shares in the last quarter. BlackRock Group LTD raised its position in Hyster-Yale Materials Handling by 22.1% in the first quarter. BlackRock Group LTD now owns 12,318 shares of the company’s stock valued at $820,000 after buying an additional 2,230 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in 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 valued at $343,000 after buying an additional 25 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Hyster-Yale Materials Handling during the second quarter valued at $3,072,000. Finally, Spark Investment Management LLC raised its position in Hyster-Yale Materials Handling by 190.2% in the first quarter. Spark Investment Management LLC now owns 11,900 shares of the company’s stock valued at $792,000 after buying an additional 7,800 shares in the last quarter. 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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