Systematic Financial Management LP Purchases Shares of 21,245 Hyster-Yale Materials Handling Inc (HY)
Systematic Financial Management LP purchased a new position in shares of Hyster-Yale Materials Handling Inc (NYSE:HY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,245 shares of the industrial products company’s stock, valued at approximately $1,307,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new position in Hyster-Yale Materials Handling in the 3rd quarter valued at about $128,000. Acadian Asset Management LLC boosted its holdings in Hyster-Yale Materials Handling by 162.5% in the 3rd quarter. Acadian Asset Management LLC now owns 2,441 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 1,511 shares during the last quarter. Global X Management Co LLC acquired a new position in Hyster-Yale Materials Handling in the 2nd quarter valued at about $231,000. Raymond James & Associates acquired a new position in Hyster-Yale Materials Handling in the 2nd quarter valued at about $237,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Hyster-Yale Materials Handling by 1,184.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,405 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 4,062 shares during the last quarter. Hedge funds and other institutional investors own 50.16% of the company’s stock.
NYSE:HY opened at $65.00 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. Hyster-Yale Materials Handling Inc has a 1-year low of $56.40 and a 1-year high of $91.39. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 16.01 and a beta of 1.17.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.31 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.91%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 30.54%.
In related news, Chairman Alfred M. Et Al Rankin acquired 1,700 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were purchased at an average cost of $61.28 per share, for a total transaction of $104,176.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Victoire G. Rankin acquired 1,277 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was bought at an average price of $61.27 per share, for a total transaction of $78,241.79. Following the completion of the acquisition, the insider now owns 4,357 shares in the company, valued at approximately $266,953.39. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 71,391 shares of company stock worth $4,446,932. Company insiders own 26.58% of the company’s stock.
Several equities analysts have weighed in on the stock. TheStreet lowered shares of Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a report on Friday, August 3rd. ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Four equities research analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and a consensus target price of $76.00.
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About Hyster-Yale Materials Handling
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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