Hyster-Yale Materials Handling Inc (HY) Insider John C. Butler, Jr. Acquires 360 Shares of Stock
Hyster-Yale Materials Handling Inc (NYSE:HY) insider John C. Butler, Jr. acquired 360 shares of the firm’s stock in a transaction dated Thursday, October 18th. The stock was bought at an average cost of $62.45 per share, for a total transaction of $22,482.00. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Shares of HY opened at $59.71 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 14.71 and a beta of 1.17. Hyster-Yale Materials Handling Inc 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 quick ratio of 0.87 and a current ratio of 1.51.
Hyster-Yale Materials Handling (NYSE:HY) last issued its earnings results on Tuesday, July 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.19). The business had revenue of $765.60 million for the quarter, compared to the consensus estimate of $797.00 million. Hyster-Yale Materials Handling had a net margin of 1.14% and a return on equity of 8.26%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS.
Several research firms have recently commented on HY. Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. ValuEngine raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, TheStreet downgraded Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average target price of $66.00.
About Hyster-Yale Materials Handling
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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