Engineers Gate Manager LP Sells 2,332 Shares of Hyster-Yale Materials Handling Inc (HY)
Engineers Gate Manager LP reduced its holdings in Hyster-Yale Materials Handling Inc (NYSE:HY) by 41.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,322 shares of the industrial products company’s stock after selling 2,332 shares during the quarter. Engineers Gate Manager LP’s holdings in Hyster-Yale Materials Handling were worth $204,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Millennium Management LLC bought a new position in Hyster-Yale Materials Handling during the 1st quarter worth approximately $2,158,000. Legal & General Group Plc grew its position in Hyster-Yale Materials Handling by 34.9% during the 1st quarter. Legal & General Group Plc now owns 4,803 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 1,243 shares during the last quarter. First Trust Advisors LP grew its position in Hyster-Yale Materials Handling by 29.1% during the 2nd quarter. First Trust Advisors LP now owns 19,429 shares of the industrial products company’s stock worth $1,248,000 after acquiring an additional 4,378 shares during the last quarter. IndexIQ Advisors LLC grew its position in Hyster-Yale Materials Handling by 11.2% during the 2nd quarter. IndexIQ Advisors LLC now owns 31,281 shares of the industrial products company’s stock worth $2,010,000 after acquiring an additional 3,158 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Hyster-Yale Materials Handling by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 92,336 shares of the industrial products company’s stock worth $5,932,000 after acquiring an additional 4,722 shares during the last quarter. Institutional investors own 50.16% of the company’s stock.
In other Hyster-Yale Materials Handling news, Chairman Alfred M. Et Al Rankin acquired 1,700 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was acquired at an average price of $61.28 per share, for a total transaction of $104,176.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Alfred M. Et Al Rankin acquired 5,698 shares of the company’s stock in a transaction on Friday, October 26th. The stock was acquired at an average price of $59.78 per share, with a total value of $340,626.44. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 69,315 shares of company stock valued at $4,314,602. Company insiders own 26.58% of the company’s stock.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.33. Hyster-Yale Materials Handling had a return on equity of 7.86% and a net margin of 1.07%. The business had revenue of $782.90 million during the quarter, compared to analysts’ expectations of $761.20 million. During the same quarter last year, the business posted $1.00 EPS. The business’s revenue was up 13.3% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, November 29th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 30.54%.
Several equities analysts recently issued reports on the company. ValuEngine upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. TheStreet lowered Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research report on Friday, August 3rd. Four analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling has a consensus rating of “Hold” and a consensus price target of $76.00.
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Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
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