Federated Investors Inc. PA reduced its position in shares of Hyster-Yale Materials Handling Inc (NYSE:HY) by 41.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,554 shares of the industrial products company’s stock after selling 46,001 shares during the quarter. Federated Investors Inc. PA owned 0.39% of Hyster-Yale Materials Handling worth $4,148,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Hyster-Yale Materials Handling by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 950,676 shares of the industrial products company’s stock worth $61,081,000 after acquiring an additional 34,490 shares during the last quarter. LSV Asset Management increased its stake in shares of Hyster-Yale Materials Handling by 2.3% in the second quarter. LSV Asset Management now owns 697,316 shares of the industrial products company’s stock worth $44,802,000 after acquiring an additional 15,700 shares during the last quarter. BlackRock Inc. increased its stake in shares of Hyster-Yale Materials Handling by 5.9% in the second quarter. BlackRock Inc. now owns 659,197 shares of the industrial products company’s stock worth $42,353,000 after acquiring an additional 36,744 shares during the last quarter. Royce & Associates LP increased its stake in shares of Hyster-Yale Materials Handling by 7.3% in the second quarter. Royce & Associates LP now owns 311,633 shares of the industrial products company’s stock worth $20,022,000 after acquiring an additional 21,116 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Hyster-Yale Materials Handling by 2.4% in the second quarter. FMR LLC now owns 298,643 shares of the industrial products company’s stock worth $19,188,000 after acquiring an additional 7,079 shares during the last quarter. 50.67% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on HY shares. ValuEngine downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. TheStreet raised shares of Hyster-Yale Materials Handling from a “c+” rating to a “b” rating in a research note on Wednesday, May 23rd. Finally, Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $66.00.

In other Hyster-Yale Materials Handling news, Chairman Alfred M. Et Al Rankin acquired 1,398 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was purchased at an average cost of $63.70 per share, for a total transaction of $89,052.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Trust Dated 1/1/1977, Pnc Bank acquired 886 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was acquired at an average price of $64.02 per share, with a total value of $56,721.72. The disclosure for this purchase can be found here. Insiders purchased 8,424 shares of company stock valued at $525,374 over the last quarter. 26.58% of the stock is currently owned by corporate insiders.

Shares of NYSE:HY opened at $62.79 on Thursday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 15.47 and a beta of 1.25. Hyster-Yale Materials Handling Inc has a 1 year low of $56.40 and a 1 year 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.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). The business had revenue of $765.60 million during the quarter, compared to the consensus estimate of $797.00 million. Hyster-Yale Materials Handling had a return on equity of 8.26% and a net margin of 1.14%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. equities analysts anticipate that Hyster-Yale Materials Handling Inc will post 3.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 30.54%.

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

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