Hyster-Yale Materials Handling (NYSE:HY) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Hyster-Yale Materials Handling (NYSE:HY – Get Rating) in a research note published on Thursday. The firm issued a strong-buy rating on the industrial products company’s stock.

Separately, EF Hutton Acquisition Co. I restated a buy rating and set a $75.00 price target on shares of Hyster-Yale Materials Handling in a research note on Wednesday, March 1st.

Hyster-Yale Materials Handling Stock Down 5.3 %

NYSE HY opened at $42.37 on Thursday. Hyster-Yale Materials Handling has a one year low of $20.99 and a one year high of $48.80. The stock has a 50-day moving average of $35.08 and a 200 day moving average of $30.31. The company has a current ratio of 1.09, a quick ratio of 0.49 and a debt-to-equity ratio of 1.27.

Hyster-Yale Materials Handling Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a dividend of $0.322 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 3.04%. Hyster-Yale Materials Handling’s dividend payout ratio is currently -29.38%.

Insider Buying and Selling at Hyster-Yale Materials Handling

In other Hyster-Yale Materials Handling news, insider Martha S. Kelly sold 1,500 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $45.72, for a total transaction of $68,580.00. Following the completion of the sale, the insider now directly owns 8,500 shares in the company, valued at approximately $388,620. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 18.05% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its position in shares of Hyster-Yale Materials Handling by 13.7% during the 4th quarter. Citigroup Inc. now owns 3,989 shares of the industrial products company’s stock valued at $101,000 after buying an additional 482 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Hyster-Yale Materials Handling by 19.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,985 shares of the industrial products company’s stock valued at $75,000 after buying an additional 491 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Hyster-Yale Materials Handling by 19.2% during the 2nd quarter. Legal & General Group Plc now owns 3,094 shares of the industrial products company’s stock valued at $100,000 after buying an additional 498 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Hyster-Yale Materials Handling by 0.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 239,420 shares of the industrial products company’s stock valued at $6,060,000 after buying an additional 677 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of Hyster-Yale Materials Handling by 823.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. 42.57% of the stock is owned by hedge funds and other institutional investors.

About Hyster-Yale Materials Handling

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Hyster-Yale Materials Handling, Inc engages in the manufacture of lift trucks. The firm provides an array of solutions aimed at meeting the specific materials handling needs of its customers including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, and a variety of other power options for its lift trucks.