Citadel Advisors LLC acquired a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,070 shares of the industrial products company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Advisors LLC lifted its position in Hyster-Yale Materials Handling by 11.5% in the first quarter. Teachers Advisors LLC now owns 16,787 shares of the industrial products company’s stock worth $947,000 after purchasing an additional 1,726 shares during the period. Vanguard Group Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 5.6% in the first quarter. Vanguard Group Inc. now owns 634,959 shares of the industrial products company’s stock valued at $35,805,000 after buying an additional 33,777 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Hyster-Yale Materials Handling by 27.9% in the first quarter. Credit Suisse AG now owns 17,047 shares of the industrial products company’s stock valued at $962,000 after buying an additional 3,721 shares in the last quarter. Aperio Group LLC bought a new position in shares of Hyster-Yale Materials Handling in the second quarter valued at $254,000. Finally, US Bancorp DE increased its holdings in shares of Hyster-Yale Materials Handling by 3.8% in the second quarter. US Bancorp DE now owns 8,132 shares of the industrial products company’s stock valued at $571,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Shares of Hyster-Yale Materials Handling, Inc. (HY) traded down $0.20 during trading hours on Tuesday, reaching $83.58. 43,900 shares of the company’s stock traded hands, compared to its average volume of 58,667. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.64. Hyster-Yale Materials Handling, Inc. has a 52 week low of $53.50 and a 52 week high of $93.90. The firm has a market cap of $1,379.19, a P/E ratio of 23.73 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, November 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 31.59%.

Several research analysts have issued reports on HY shares. Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Seaport Global Securities cut Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Monday, November 6th. Finally, Sidoti reissued a “neutral” rating on shares of Hyster-Yale Materials Handling in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.00.

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Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly 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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