News headlines about Hyster-Yale Materials Handling (NYSE:HY) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hyster-Yale Materials Handling earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.7613855075369 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of Hyster-Yale Materials Handling (NYSE HY) traded down 0.72% during midday trading on Monday, hitting $64.49. The stock had a trading volume of 67,276 shares. Hyster-Yale Materials Handling has a 52 week low of $47.25 and a 52 week high of $76.50. The company’s 50 day moving average is $71.81 and its 200 day moving average is $65.51. The firm has a market cap of $1.06 billion, a P/E ratio of 18.01 and a beta of 1.05.

Several research firms have commented on HY. Zacks Investment Research cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Sidoti cut Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 target price on the stock. in a research note on Wednesday, June 7th. TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research note on Friday, May 12th. Finally, Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 target price on the stock in a research note on Thursday, April 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Hyster-Yale Materials Handling has a consensus rating of “Hold” and an average target price of $74.75.

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

About Hyster-Yale Materials Handling

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.

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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