Synovus Financial Corp reduced its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 44.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,620 shares of the company’s stock after selling 9,332 shares during the period. Synovus Financial Corp owned approximately 0.07% of Hyster-Yale Materials Handling worth $695,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HY. Foundry Partners LLC increased its position in shares of Hyster-Yale Materials Handling by 5.0% in the third quarter. Foundry Partners LLC now owns 87,007 shares of the company’s stock worth $5,232,000 after buying an additional 4,115 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Hyster-Yale Materials Handling during the second quarter worth about $3,072,000. Public Employees Retirement System of Ohio increased its position in Hyster-Yale Materials Handling by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 20,948 shares of the company’s stock worth $1,246,000 after buying an additional 173 shares in the last quarter. California Public Employees Retirement System increased its position in Hyster-Yale Materials Handling by 36.4% in the second quarter. California Public Employees Retirement System now owns 16,500 shares of the company’s stock worth $982,000 after buying an additional 4,400 shares in the last quarter. Finally, West Coast Financial LLC increased its position in Hyster-Yale Materials Handling by 3.0% in the second quarter. West Coast Financial LLC now owns 63,927 shares of the company’s stock worth $3,803,000 after buying an additional 1,876 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.

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

Hyster-Yale Materials Handling, Inc. (NYSE:HY) traded up 0.98% during trading on Friday, hitting $62.83. 19,532 shares of the stock were exchanged. The stock’s 50 day moving average price is $64.88 and its 200 day moving average price is $59.35. The stock has a market cap of $1.03 billion, a P/E ratio of 21.60 and a beta of 1.06. Hyster-Yale Materials Handling, Inc. has a 12 month low of $44.41 and a 12 month high of $70.19.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by $0.07. Hyster-Yale Materials Handling had a net margin of 1.89% and a return on equity of 9.95%. The business earned $629.30 million during the quarter, compared to analysts’ expectations of $676.90 million. During the same quarter last year, the company earned $1.28 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that Hyster-Yale Materials Handling, Inc. will post $2.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $1.18 annualized dividend and a yield of 1.88%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 40.41%.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Seaport Global Securities downgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “reduce” rating and set a $56.00 price objective on the stock. in a research note on Friday, December 16th. Finally, Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $62.50.

In related news, insider Susan Sichel sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $64.77, for a total value of $129,540.00. Following the completion of the sale, the insider now owns 18,100 shares in the company, valued at approximately $1,172,337. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 25.56% of the stock is currently owned by corporate insiders.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems.

5 Day Chart for NYSE:HY

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