ValuEngine upgraded shares of Hyster-Yale Materials Handling (NYSE:HY) from a sell rating to a hold rating in a research note released on Friday morning.

Several other equities research analysts have also recently commented on the company. TheStreet cut Hyster-Yale Materials Handling from a b rating to a c rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a sell rating to a hold rating in a research note on Wednesday, June 13th. Five analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling currently has an average rating of Hold and an average price target of $66.00.

Hyster-Yale Materials Handling stock opened at $65.67 on Friday. Hyster-Yale Materials Handling has a 12 month low of $56.40 and a 12 month high of $93.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 0.87. The company has a market cap of $1.10 billion, a PE ratio of 16.24 and a beta of 1.25.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.19). Hyster-Yale Materials Handling had a return on equity of 8.26% and a net margin of 1.14%. The company had revenue of $765.60 million for the quarter, compared to analysts’ expectations of $797.00 million. During the same quarter last year, the company earned $0.85 EPS. Hyster-Yale Materials Handling’s revenue for the quarter was up 11.7% compared to the same quarter last year. sell-side analysts anticipate that Hyster-Yale Materials Handling will post 3.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, August 30th. Hyster-Yale Materials Handling’s payout ratio is 30.54%.

In other Hyster-Yale Materials Handling news, VP Gregory Breier sold 1,000 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the transaction, the vice president now owns 6,388 shares in the company, valued at $415,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victoire G. Rankin acquired 1,277 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was acquired at an average price of $61.27 per share, with a total value of $78,241.79. Following the transaction, the insider now directly owns 4,357 shares of the company’s stock, valued at approximately $266,953.39. The disclosure for this purchase can be found here. Insiders acquired 10,461 shares of company stock valued at $656,796 in the last quarter. 26.58% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in HY. SG Americas Securities LLC purchased a new position in shares of Hyster-Yale Materials Handling in the first quarter valued at $164,000. Trexquant Investment LP purchased a new position in shares of Hyster-Yale Materials Handling in the first quarter valued at $246,000. Global X Management Co LLC purchased a new position in shares of Hyster-Yale Materials Handling in the second quarter valued at $231,000. Raymond James & Associates purchased a new position in shares of Hyster-Yale Materials Handling in the second quarter valued at $237,000. Finally, Barclays PLC increased its position in shares of Hyster-Yale Materials Handling by 40.5% in the first quarter. Barclays PLC now owns 3,772 shares of the industrial products company’s stock valued at $263,000 after buying an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 50.63% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

Featured Story: Day Trading – Risk Worth the Reward?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.