Hyster-Yale Materials Handling Inc. (HY) Chairman Buys $587,104.56 in Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 9,576 shares of the stock in a transaction on Wednesday, October 5th. The stock was bought at an average price of $61.31 per share, with a total value of $587,104.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 56.66 on Wednesday. The firm has a market cap of $928.43 million, a PE ratio of 16.43 and a beta of 1.01. Hyster-Yale Materials Handling Inc. has a 52-week low of $44.41 and a 52-week high of $70.19. The firm has a 50-day moving average of $53.71 and a 200 day moving average of $59.88.
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 the Zacks’ consensus estimate 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 company had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. During the same period last year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given 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 yield of 2.08%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 34.20%.
Several equities research analysts have weighed in on the stock. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. One research 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’s stock. Hyster-Yale Materials Handling has a consensus 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 approximately $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 during the period. Foundry Partners LLC bought a new position in Hyster-Yale Materials Handling during the second quarter worth approximately $4,931,000. Emerald Acquisition Ltd. acquired a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth about $3,072,000. Finally, Spark Investment Management LLC boosted its stake in shares of 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 during the last quarter. 70.59% of the stock is owned by hedge funds and other 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.
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