Insider Buying: Hyster-Yale Materials Handling Inc (HY) Insider Buys 521 Shares of Stock

Hyster-Yale Materials Handling Inc (NYSE:HY) insider Helen Rankin Butler purchased 521 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The stock was bought at an average price of $62.12 per share, with a total value of $32,364.52. Following the completion of the purchase, the insider now owns 3,622 shares of the company’s stock, valued at approximately $224,998.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of HY opened at $59.26 on Friday. Hyster-Yale Materials Handling Inc has a one year low of $56.40 and a one year high of $93.90. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 14.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 0.87.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). Hyster-Yale Materials Handling had a net margin of 1.14% and a return on equity of 8.26%. The firm had revenue of $765.60 million for the quarter, compared to analyst estimates of $797.00 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Hyster-Yale Materials Handling Inc will post 3.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a dividend of $0.31 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.24 annualized dividend and a yield of 2.09%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 30.54%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Hyster-Yale Materials Handling by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 950,676 shares of the industrial products company’s stock valued at $61,081,000 after purchasing an additional 34,490 shares in the last quarter. LSV Asset Management raised its position in Hyster-Yale Materials Handling by 2.3% during the second quarter. LSV Asset Management now owns 697,316 shares of the industrial products company’s stock valued at $44,802,000 after purchasing an additional 15,700 shares in the last quarter. BlackRock Inc. raised its position in Hyster-Yale Materials Handling by 5.9% during the second quarter. BlackRock Inc. now owns 659,197 shares of the industrial products company’s stock valued at $42,353,000 after purchasing an additional 36,744 shares in the last quarter. Royce & Associates LP raised its position in Hyster-Yale Materials Handling by 7.3% during the second quarter. Royce & Associates LP now owns 311,633 shares of the industrial products company’s stock valued at $20,022,000 after purchasing an additional 21,116 shares in the last quarter. Finally, FMR LLC raised its position in Hyster-Yale Materials Handling by 2.4% during the second quarter. FMR LLC now owns 298,643 shares of the industrial products company’s stock valued at $19,188,000 after purchasing an additional 7,079 shares in the last quarter. Institutional investors and hedge funds own 50.63% of the company’s stock.

Several equities research analysts recently issued reports on HY shares. ValuEngine cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Finally, TheStreet cut Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and an average price target 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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Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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