GSA Capital Partners LLP boosted its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,651 shares of the industrial products company’s stock after buying an additional 3,707 shares during the period. GSA Capital Partners LLP owned about 0.26% of Hyster-Yale Materials Handling worth $3,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HY. Legal & General Group Plc grew its stake in Hyster-Yale Materials Handling by 4.9% during the 2nd quarter. Legal & General Group Plc now owns 3,361 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 156 shares in the last quarter. Rhumbline Advisers grew its stake in Hyster-Yale Materials Handling by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 12,520 shares of the industrial products company’s stock valued at $880,000 after acquiring an additional 190 shares in the last quarter. US Bancorp DE grew its stake in Hyster-Yale Materials Handling by 3.8% during the 2nd quarter. US Bancorp DE now owns 8,132 shares of the industrial products company’s stock valued at $571,000 after acquiring an additional 301 shares in the last quarter. Victory Capital Management Inc. grew its stake in Hyster-Yale Materials Handling by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 319 shares in the last quarter. Finally, Strs Ohio grew its stake in Hyster-Yale Materials Handling by 6.1% during the 2nd quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

HY has been the topic of several research analyst reports. Seaport Global Securities cut Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a research note on Monday, November 6th. Sidoti reaffirmed a “neutral” rating on shares of Hyster-Yale Materials Handling in a research note on Friday, October 13th. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $74.00.

In related news, insider Frank F. Taplin sold 1,178 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total value of $99,423.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.34% of the company’s stock.

Shares of Hyster-Yale Materials Handling, Inc. (HY) opened at $83.78 on Thursday. The company has a market capitalization of $1,374.41, a P/E ratio of 23.65 and a beta of 1.08. Hyster-Yale Materials Handling, Inc. has a 12 month low of $53.50 and a 12 month high of $93.90. The company has a quick ratio of 1.02, a current ratio of 1.64 and a debt-to-equity ratio of 0.40.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.3025 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.21 annualized dividend and a dividend yield of 1.44%. Hyster-Yale Materials Handling’s payout ratio is 31.59%.

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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.

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

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