Federated Investors Inc. PA lessened its holdings in Hyster-Yale Materials Handling Inc (NYSE:HY) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,002 shares of the industrial products company’s stock after selling 745 shares during the period. Federated Investors Inc. PA’s holdings in Hyster-Yale Materials Handling were worth $5,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. California Public Employees Retirement System grew its position in Hyster-Yale Materials Handling by 2.5% in the 4th quarter. California Public Employees Retirement System now owns 6,846 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 167 shares in the last quarter. JPMorgan Chase & Co. grew its position in Hyster-Yale Materials Handling by 0.3% in the 1st quarter. JPMorgan Chase & Co. now owns 58,230 shares of the industrial products company’s stock worth $3,631,000 after purchasing an additional 182 shares in the last quarter. Synovus Financial Corp grew its position in Hyster-Yale Materials Handling by 2.1% in the 4th quarter. Synovus Financial Corp now owns 12,617 shares of the industrial products company’s stock worth $780,000 after purchasing an additional 263 shares in the last quarter. Comerica Bank grew its position in Hyster-Yale Materials Handling by 9.2% in the 1st quarter. Comerica Bank now owns 3,550 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 300 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Hyster-Yale Materials Handling by 8.1% in the 4th quarter. Legal & General Group Plc now owns 4,975 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

In related news, Chairman Alfred M. Et Al Rankin bought 771 shares of Hyster-Yale Materials Handling stock in a transaction dated Thursday, April 4th. The stock was purchased at an average cost of $64.99 per share, with a total value of $50,107.29. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Alfred M. Et Al Rankin bought 3,632 shares of Hyster-Yale Materials Handling stock in a transaction dated Wednesday, March 27th. The shares were bought at an average cost of $62.49 per share, with a total value of $226,963.68. The disclosure for this purchase can be found here. Insiders have bought a total of 25,457 shares of company stock valued at $1,619,380 over the last three months. Insiders own 28.60% of the company’s stock.

A number of equities research analysts have issued reports on HY shares. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b-” rating to a “c+” rating in a research report on Wednesday, March 20th.

Shares of HY stock opened at $49.81 on Friday. Hyster-Yale Materials Handling Inc has a 52-week low of $43.26 and a 52-week high of $76.79. The company has a quick ratio of 0.69, a current ratio of 1.38 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $829.59 million, a price-to-earnings ratio of 46.55 and a beta of 1.28.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.14. Hyster-Yale Materials Handling had a net margin of 0.72% and a return on equity of 3.09%. The firm had revenue of $834.80 million during the quarter, compared to the consensus estimate of $833.70 million. During the same period in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 5.9% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.3175 per share. This is an increase from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.31. This represents a $1.27 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Thursday, May 30th.

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Hyster-Yale Materials Handling Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names 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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