Voya Investment Management LLC raised its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 24.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,488 shares of the industrial products company’s stock after buying an additional 888 shares during the period. Voya Investment Management LLC’s holdings in Hyster-Yale Materials Handling were worth $315,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HY. SG Americas Securities LLC acquired a new stake in shares of Hyster-Yale Materials Handling during the 1st quarter valued at $110,000. BNP Paribas Arbitrage SA boosted its stake in shares of Hyster-Yale Materials Handling by 519.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock valued at $114,000 after buying an additional 1,362 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock valued at $149,000 after buying an additional 319 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter valued at $216,000. Finally, Airain ltd acquired a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter valued at $224,000. 51.85% of the stock is owned by institutional investors.

In related news, insider Frank F. Taplin sold 1,464 shares of Hyster-Yale Materials Handling stock in a transaction on Friday, August 25th. The shares were sold at an average price of $68.25, for a total value of $99,918.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 26.34% of the company’s stock.

Hyster-Yale Materials Handling, Inc. (HY) opened at $80.30 on Tuesday. The company has a market cap of $1,332.27, a price-to-earnings ratio of 22.93 and a beta of 1.06. Hyster-Yale Materials Handling, Inc. has a twelve month low of $53.50 and a twelve month high of $93.90. The company has a quick ratio of 1.02, a current ratio of 1.64 and a debt-to-equity ratio of 0.40.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.3025 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.21 annualized dividend and a yield of 1.51%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 31.59%.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Seaport Global Securities downgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Hyster-Yale Materials Handling has an average rating of “Hold” and an average price target of $74.00.

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Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

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

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