Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 1,532 shares of the stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of $62.52 per share, with a total value of $95,780.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE HY traded down $2.40 during mid-day trading on Friday, reaching $60.65. 45,933 shares of the company’s stock were exchanged, compared to its average volume of 42,571. The stock has a market cap of $1.04 billion, a PE ratio of 14.94 and a beta of 1.17. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. Hyster-Yale Materials Handling Inc has a 52-week low of $56.40 and a 52-week high of $91.39.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.33. Hyster-Yale Materials Handling had a return on equity of 7.86% and a net margin of 1.07%. The firm had revenue of $782.90 million for the quarter, compared to analyst estimates of $761.20 million. During the same quarter in the prior year, the company earned $1.00 EPS. Hyster-Yale Materials Handling’s revenue was up 13.3% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 29th. Hyster-Yale Materials Handling’s payout ratio is 30.54%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in Hyster-Yale Materials Handling by 1,184.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,405 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 4,062 shares in the last quarter. Global X Management Co LLC acquired a new position in Hyster-Yale Materials Handling during the 2nd quarter worth about $231,000. Acadian Asset Management LLC lifted its stake in Hyster-Yale Materials Handling by 162.5% during the 3rd quarter. Acadian Asset Management LLC now owns 2,441 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 1,511 shares in the last quarter. Synovus Financial Corp lifted its stake in Hyster-Yale Materials Handling by 9.7% during the 3rd quarter. Synovus Financial Corp now owns 12,354 shares of the industrial products company’s stock worth $761,000 after acquiring an additional 1,092 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Hyster-Yale Materials Handling by 29.1% during the 2nd quarter. First Trust Advisors LP now owns 19,429 shares of the industrial products company’s stock worth $1,248,000 after acquiring an additional 4,378 shares in the last quarter. 49.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on HY. ValuEngine upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Friday, September 21st. TheStreet upgraded Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a report on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling has a consensus rating of “Hold” and an average target price of $76.00.

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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.

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