Dynamic Technology Lab Private Ltd Takes $543,000 Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Dynamic Technology Lab Private Ltd bought a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,668 shares of the industrial products company's stock, valued at approximately $543,000. Dynamic Technology Lab Private Ltd owned about 0.06% of Hyster-Yale Materials Handling at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. A&I Financial Services LLC purchased a new position in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $492,000. Barclays PLC lifted its holdings in shares of Hyster-Yale Materials Handling by 19.0% during the 3rd quarter. Barclays PLC now owns 26,492 shares of the industrial products company's stock valued at $1,690,000 after acquiring an additional 4,226 shares in the last quarter. FMR LLC increased its holdings in Hyster-Yale Materials Handling by 31.9% in the 3rd quarter. FMR LLC now owns 51,280 shares of the industrial products company's stock valued at $3,270,000 after purchasing an additional 12,390 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Hyster-Yale Materials Handling during the fourth quarter worth about $321,000. Finally, Empowered Funds LLC acquired a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter valued at about $1,243,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

Hyster-Yale Materials Handling Stock Up 1.4 %

NYSE HY traded up $0.53 on Friday, hitting $37.96. 55,401 shares of the stock traded hands, compared to its average volume of 85,610. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $46.05 and a 200 day moving average of $53.05. Hyster-Yale Materials Handling, Inc. has a twelve month low of $34.13 and a twelve month high of $84.44. The company has a market capitalization of $671.78 million, a P/E ratio of 4.26 and a beta of 1.32.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is presently 17.37%.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale, 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.