Harel Insurance Investments & Financial Services Ltd. Sells 3,611 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Harel Insurance Investments & Financial Services Ltd. decreased its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 37.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,120 shares of the industrial products company’s stock after selling 3,611 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Hyster-Yale Materials Handling were worth $381,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HY. Gamco Investors INC. ET AL raised its stake in shares of Hyster-Yale Materials Handling by 29.4% in the first quarter. Gamco Investors INC. ET AL now owns 989,969 shares of the industrial products company’s stock worth $32,877,000 after purchasing an additional 225,115 shares during the last quarter. FMR LLC lifted its stake in Hyster-Yale Materials Handling by 60.6% during the 3rd quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock valued at $26,262,000 after acquiring an additional 222,340 shares during the period. Valueworks LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 74.9% during the 3rd quarter. Valueworks LLC now owns 210,980 shares of the industrial products company’s stock valued at $9,405,000 after acquiring an additional 90,355 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Hyster-Yale Materials Handling by 86.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 124,733 shares of the industrial products company’s stock worth $7,757,000 after acquiring an additional 57,758 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Hyster-Yale Materials Handling by 60.0% during the second quarter. Goldman Sachs Group Inc. now owns 135,734 shares of the industrial products company’s stock valued at $4,374,000 after purchasing an additional 50,901 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hyster-Yale Materials Handling

In other news, insider Frank F. Taplin sold 11,720 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.10, for a total value of $680,932.00. Following the transaction, the insider now owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Frank F. Taplin sold 11,720 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now directly owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank F. Taplin sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 378,872 shares of the company’s stock, valued at $22,220,842.80. The disclosure for this sale can be found here. Corporate insiders own 33.93% of the company’s stock.

Hyster-Yale Materials Handling Stock Down 3.1 %

HY opened at $61.87 on Monday. Hyster-Yale Materials Handling, Inc. has a 1-year low of $38.50 and a 1-year high of $72.40. The firm’s 50 day simple moving average is $63.60 and its two-hundred day simple moving average is $56.30. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.08 billion, a PE ratio of 8.53 and a beta of 1.48.

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

Hyster-Yale Materials Handling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.325 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.30 annualized dividend and a dividend yield of 2.10%. Hyster-Yale Materials Handling’s payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

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

Hyster-Yale Materials Handling Company Profile

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.