Martingale Asset Management L P boosted its stake in shares of Hyster-Yale Materials Handling Inc (NYSE:HY) by 38.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,309 shares of the industrial products company’s stock after acquiring an additional 3,703 shares during the quarter. Martingale Asset Management L P owned approximately 0.08% of Hyster-Yale Materials Handling worth $1,134,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Hyster-Yale Materials Handling by 17.1% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 52,295 shares of the industrial products company’s stock worth $4,454,000 after buying an additional 7,647 shares during the period. Taylor Hoffman Wealth Management bought a new position in Hyster-Yale Materials Handling during the fourth quarter worth $391,000. Wells Fargo & Company MN boosted its position in Hyster-Yale Materials Handling by 25.8% during the fourth quarter. Wells Fargo & Company MN now owns 13,925 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 2,853 shares during the period. First Trust Advisors LP bought a new position in Hyster-Yale Materials Handling during the fourth quarter worth $1,404,000. Finally, Keybank National Association OH boosted its position in Hyster-Yale Materials Handling by 185.2% during the fourth quarter. Keybank National Association OH now owns 15,786 shares of the industrial products company’s stock worth $1,344,000 after purchasing an additional 10,250 shares during the period. 52.84% of the stock is currently owned by institutional investors.
In other news, insider Theodore D. Taplin sold 854 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $69.65, for a total transaction of $59,481.10. Following the completion of the transaction, the insider now owns 47,472 shares in the company, valued at approximately $3,306,424.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.34% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on HY shares. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet cut Hyster-Yale Materials Handling from a “b” rating to a “c+” rating in a report on Friday, March 9th. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Tuesday. Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a report on Tuesday, January 23rd. Finally, Robert W. Baird cut Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 target price on the stock. in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $71.33.
Shares of Hyster-Yale Materials Handling Inc (NYSE HY) traded down $0.66 during trading hours on Wednesday, hitting $71.34. The stock had a trading volume of 57,060 shares, compared to its average volume of 45,653. The firm has a market capitalization of $1,180.21, a price-to-earnings ratio of 24.15 and a beta of 1.17. Hyster-Yale Materials Handling Inc has a one year low of $53.50 and a one year high of $93.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 1.04.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.3025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.21 dividend on an annualized basis and a yield of 1.70%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 41.16%.
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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.
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