Hyster-Yale Materials Handling Inc (NYSE:HY) has received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $84.00.
A number of research analysts have recently weighed in on the stock. Seaport Global Securities downgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research report on Monday, November 6th. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
In related news, insider Frank F. Taplin sold 1,178 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total transaction of $99,423.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.34% of the company’s stock.
Several hedge funds have recently made changes to their positions in HY. Teachers Advisors LLC lifted its stake in shares of Hyster-Yale Materials Handling by 68.1% during the 2nd quarter. Teachers Advisors LLC now owns 28,211 shares of the industrial products company’s stock valued at $1,982,000 after buying an additional 11,424 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Hyster-Yale Materials Handling by 44.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,405 shares of the industrial products company’s stock worth $2,557,000 after purchasing an additional 11,250 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Hyster-Yale Materials Handling by 347.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 21,346 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 16,576 shares in the last quarter. Vanguard Group Inc. lifted its stake in Hyster-Yale Materials Handling by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 659,764 shares of the industrial products company’s stock worth $46,348,000 after purchasing an additional 24,805 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Hyster-Yale Materials Handling by 5.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 36,483 shares of the industrial products company’s stock worth $2,563,000 after purchasing an additional 2,012 shares in the last quarter. Institutional investors own 51.40% of the company’s stock.
Hyster-Yale Materials Handling (NYSE HY) traded down $0.96 during trading on Tuesday, hitting $80.21. 45,715 shares of the stock were exchanged, compared to its average volume of 39,378. Hyster-Yale Materials Handling has a 1 year low of $53.50 and a 1 year high of $93.90. The company has a market cap of $1,330.00, a P/E ratio of 21.06 and a beta of 1.05. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, February 28th. Hyster-Yale Materials Handling’s payout ratio is currently 31.59%.
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About Hyster-Yale Materials Handling
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.
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