Semanteon Capital Management LP Takes Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Semanteon Capital Management LP bought a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,673 shares of the industrial products company’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. raised its stake in Hyster-Yale Materials Handling by 38.8% in the 4th quarter. Federated Hermes Inc. now owns 131,538 shares of the industrial products company’s stock worth $8,180,000 after purchasing an additional 36,758 shares in the last quarter. Cornercap Investment Counsel Inc. raised its position in shares of Hyster-Yale Materials Handling by 0.8% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 21,398 shares of the industrial products company’s stock valued at $1,331,000 after buying an additional 163 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Hyster-Yale Materials Handling by 520.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,667 shares of the industrial products company’s stock valued at $415,000 after buying an additional 5,593 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at approximately $61,000. Finally, Dumont & Blake Investment Advisors LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter valued at approximately $263,000. Institutional investors own 46.47% of the company’s stock.

Insider Buying and Selling

In other news, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of the transaction, the insider now owns 367,152 shares in the company, valued at $21,331,531.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Frank F. Taplin sold 11,720 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.10, for a total transaction of $680,932.00. Following the completion of the transaction, the insider now owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Frank F. Taplin sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.65, for a total transaction of $293,250.00. Following the transaction, the insider now directly owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research report on Monday, March 4th.

Hyster-Yale Materials Handling Stock Down 2.2 %

HY traded down $1.31 during trading on Friday, hitting $58.74. 77,745 shares of the company’s stock were exchanged, compared to its average volume of 100,373. The business’s 50 day moving average is $62.03 and its two-hundred day moving average is $57.24. The stock has a market cap of $1.03 billion, a P/E ratio of 8.10 and a beta of 1.48. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $72.40.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Hyster-Yale Materials Handling had a net margin of 3.06% and a return on equity of 40.35%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, February 29th. Hyster-Yale Materials Handling’s payout ratio is currently 17.93%.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.