Hyster-Yale Materials Handling Inc. (HY) Insider Clara L. T. Rankin Acquires 8,620 Shares
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin acquired 8,620 shares of Hyster-Yale Materials Handling stock in a transaction dated Thursday, October 6th. The stock was acquired at an average cost of $61.31 per share, with a total value of $528,492.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 58.56 on Monday. The firm’s 50-day moving average price is $53.42 and its 200 day moving average price is $60.03. Hyster-Yale Materials Handling Inc. has a 1-year low of $44.41 and a 1-year high of $70.19. The firm has a market capitalization of $959.56 million, a price-to-earnings ratio of 16.98 and a beta of 1.00.
Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.34. The company had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. On average, analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 EPS for the current year.
The firm 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. The ex-dividend date was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.02%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 34.20%.
Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth approximately $8,608,000. Los Angeles Capital Management & Equity Research Inc. boosted 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 worth $343,000 after buying an additional 25 shares during the period. BlackRock Group LTD boosted 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 worth $820,000 after buying an additional 2,230 shares during the period. Spark Investment Management LLC boosted 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 worth $792,000 after buying an additional 7,800 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in Hyster-Yale Materials Handling during the first quarter worth approximately $460,000. 70.59% of the stock is owned by institutional investors.
A number of brokerages recently commented on HY. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average target price of $69.00.
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.
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.