Curbstone Financial Management Corp decreased its stake in Hyster-Yale Materials Handling Inc (NYSE:HY) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,970 shares of the industrial products company’s stock after selling 30,970 shares during the period. Hyster-Yale Materials Handling makes up 1.5% of Curbstone Financial Management Corp’s portfolio, making the stock its 15th biggest position. Curbstone Financial Management Corp’s holdings in Hyster-Yale Materials Handling were worth $2,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HY. Legal & General Group Plc boosted its holdings in Hyster-Yale Materials Handling by 4.9% in the second quarter. Legal & General Group Plc now owns 3,361 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 156 shares during the last quarter. Rhumbline Advisers boosted its holdings in Hyster-Yale Materials Handling by 1.5% in the second quarter. Rhumbline Advisers now owns 12,520 shares of the industrial products company’s stock valued at $880,000 after purchasing an additional 190 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Hyster-Yale Materials Handling by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 319 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Hyster-Yale Materials Handling by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 8,131 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 648 shares during the last quarter. Finally, West Coast Financial LLC boosted its holdings in Hyster-Yale Materials Handling by 1.1% in the third quarter. West Coast Financial LLC now owns 67,852 shares of the industrial products company’s stock valued at $5,187,000 after purchasing an additional 763 shares during the last quarter. 50.88% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling Inc (NYSE HY) traded down $0.04 during trading hours on Monday, reaching $85.87. The company’s stock had a trading volume of 11,677 shares, compared to its average volume of 41,416. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Hyster-Yale Materials Handling Inc has a 52 week low of $53.50 and a 52 week high of $93.90. The company has a market cap of $1,410.00, a P/E ratio of 22.42 and a beta of 1.09.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, November 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 31.59%.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,178 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total transaction of $99,423.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 26.34% of the company’s stock.

A number of brokerages recently commented on HY. Sidoti reissued a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Seaport Global Securities downgraded Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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