Bank of America Corp DE boosted its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,756 shares of the industrial products company’s stock after buying an additional 2,108 shares during the period. Bank of America Corp DE owned approximately 0.42% of Hyster-Yale Materials Handling worth $3,876,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. boosted its position in Hyster-Yale Materials Handling by 7.0% in the first quarter. American International Group Inc. now owns 5,802 shares of the industrial products company’s stock worth $327,000 after buying an additional 381 shares during the period. Teachers Advisors LLC boosted its position in Hyster-Yale Materials Handling by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 15,061 shares of the industrial products company’s stock worth $960,000 after buying an additional 526 shares during the period. Bahl & Gaynor Inc. boosted its position in Hyster-Yale Materials Handling by 12.8% in the first quarter. Bahl & Gaynor Inc. now owns 12,219 shares of the industrial products company’s stock worth $689,000 after buying an additional 1,385 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Hyster-Yale Materials Handling by 3.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 44,480 shares of the industrial products company’s stock worth $2,508,000 after buying an additional 1,454 shares during the period. Finally, SG Americas Securities LLC bought a new position in Hyster-Yale Materials Handling during the first quarter worth $110,000. Institutional investors own 67.98% of the company’s stock.

Hyster-Yale Materials Handling, Inc. (HY) traded down 1.16% during trading on Friday, hitting $64.96. 66,492 shares of the stock were exchanged. The stock’s 50 day moving average is $71.81 and its 200-day moving average is $65.51. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 18.15 and a beta of 1.05. Hyster-Yale Materials Handling, Inc. has a one year low of $47.25 and a one year high of $76.50.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.50. Hyster-Yale Materials Handling had a net margin of 2.17% and a return on equity of 11.73%. The business had revenue of $713.10 million for the quarter, compared to analysts’ expectations of $668.33 million. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts expect that Hyster-Yale Materials Handling, Inc. will post $3.48 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on the stock. Seaport Global Securities raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Thursday, April 20th. They noted that the move was a valuation call. Sidoti cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price target on the stock. in a research note on Wednesday, June 7th. BidaskClub cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. TheStreet raised shares of Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research note on Friday, May 12th. Finally, Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $74.75.

In related news, insider Cory Freyer sold 3,128 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $74.81, for a total transaction of $234,005.68. Following the transaction, the insider now directly owns 8,000 shares of the company’s stock, valued at $598,480. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Frank F. Taplin sold 1,400 shares of Hyster-Yale Materials Handling stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $73.93, for a total value of $103,502.00. The disclosure for this sale can be found here. 26.34% of the stock is owned by insiders.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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