Mutual of America Capital Management LLC boosted its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 14.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,300 shares of the industrial products company’s stock after purchasing an additional 7,782 shares during the period. Mutual of America Capital Management LLC owned approximately 0.49% of Hyster-Yale Materials Handling worth $4,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. bought a new stake in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $966,000. Federated Investors Inc. PA raised its stake in shares of Hyster-Yale Materials Handling by 2,279,500.0% during the second quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock valued at $4,805,000 after acquiring an additional 68,385 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter valued at approximately $110,000. Credit Suisse AG raised its stake in shares of Hyster-Yale Materials Handling by 27.9% during the first quarter. Credit Suisse AG now owns 17,047 shares of the industrial products company’s stock valued at $962,000 after acquiring an additional 3,721 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Hyster-Yale Materials Handling by 15.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 81,543 shares of the industrial products company’s stock valued at $4,599,000 after acquiring an additional 11,080 shares in the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.

In related news, insider Frank F. Taplin sold 1,464 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $68.25, for a total value of $99,918.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Sichel sold 1,250 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.46, for a total transaction of $80,575.00. Following the completion of the transaction, the insider now directly owns 16,850 shares in the company, valued at $1,086,151. The disclosure for this sale can be found here. 26.34% of the stock is owned by corporate insiders.

Hyster-Yale Materials Handling, Inc. (HY) opened at 72.97 on Monday. Hyster-Yale Materials Handling, Inc. has a one year low of $49.84 and a one year high of $76.48. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 20.38 and a beta of 1.05. The company’s 50-day moving average is $68.74 and its 200 day moving average is $67.16.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.3025 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.21 dividend on an annualized basis and a yield of 1.66%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 33.80%.

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Several research firms have recently weighed in on HY. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.75.

Hyster-Yale Materials Handling 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.

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

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