Hyster-Yale Materials Handling, Inc. (NYSE:HY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Hyster-Yale Materials Handling, Inc. designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, warehouse trucks, counterbalanced trucks, cargo, container handling trucks and aftermarket parts. The Company’s products are marketed globally under the Hyster(R) and Yale(R) brand names. It conducts its operations primarily in America, Europe and Asia-Pacific. Hyster-Yale Materials Handling, Inc. is based in Portland, Oregon. “

HY has been the subject of a number of other research reports. Seaport Global Securities raised Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 target price for the company in a report on Thursday, April 20th. They noted that the move was a valuation call. Sidoti downgraded Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 target price for the company. in a report on Wednesday, June 7th. BidaskClub downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. TheStreet raised Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a report on Friday, May 12th. Finally, Robert W. Baird raised Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $62.00 to $84.00 in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Hyster-Yale Materials Handling has an average rating of “Hold” and a consensus target price of $74.75.

Shares of Hyster-Yale Materials Handling (HY) opened at 64.49 on Tuesday. The firm has a market capitalization of $1.06 billion, a PE ratio of 18.01 and a beta of 1.05. The stock has a 50 day moving average of $71.81 and a 200-day moving average of $65.51. Hyster-Yale Materials Handling has a 52 week low of $47.25 and a 52 week high of $76.50.

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In related news, insider Cory Freyer sold 3,128 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $74.81, for a total value of $234,005.68. Following the completion of the transaction, the insider now owns 8,000 shares of the company’s stock, valued at $598,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Frank F. Taplin sold 1,400 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of HY. Bahl & Gaynor Inc. increased 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. First Trust Advisors LP increased its position in Hyster-Yale Materials Handling by 38.7% in the first quarter. First Trust Advisors LP now owns 29,262 shares of the industrial products company’s stock worth $1,650,000 after buying an additional 8,167 shares during the period. Teachers Advisors LLC increased 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. Bank of New York Mellon Corp increased its position in Hyster-Yale Materials Handling by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 96,739 shares of the industrial products company’s stock worth $5,455,000 after buying an additional 5,196 shares during the period. Finally, Royce & Associates LP increased its position in Hyster-Yale Materials Handling by 14.1% in the first quarter. Royce & Associates LP now owns 260,338 shares of the industrial products company’s stock worth $14,680,000 after buying an additional 32,240 shares during the period. 67.80% of the stock is owned by institutional investors and hedge funds.

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.

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