Mork Capital Management LLC Makes New $1.01 Million Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Mork Capital Management LLC bought a new stake in shares of 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 and Exchange Commission. The firm bought 19,900 shares of the industrial products company's stock, valued at approximately $1,014,000. Mork Capital Management LLC owned approximately 0.11% of Hyster-Yale Materials Handling at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Scotia Capital Inc. lifted its position in shares of Hyster-Yale Materials Handling by 0.7% during the 4th quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company's stock valued at $1,623,000 after buying an additional 223 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of Hyster-Yale Materials Handling by 0.5% during the 4th quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company's stock valued at $2,403,000 after buying an additional 238 shares in the last quarter. US Bancorp DE lifted its position in shares of Hyster-Yale Materials Handling by 29.1% during the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock valued at $88,000 after buying an additional 389 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Hyster-Yale Materials Handling by 17.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 448 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Hyster-Yale Materials Handling by 1.1% in the 4th quarter. Sei Investments Co. now owns 46,210 shares of the industrial products company's stock valued at $2,353,000 after purchasing an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Thursday, May 8th.

Hyster-Yale Materials Handling Price Performance

HY stock traded down $0.07 during midday trading on Friday, reaching $42.72. The stock had a trading volume of 103,063 shares, compared to its average volume of 82,373. The company's fifty day simple moving average is $40.77 and its 200 day simple moving average is $48.90. 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 company has a market cap of $755.98 million, a price-to-earnings ratio of 4.79 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a 52-week low of $34.13 and a 52-week high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The company had revenue of $910.40 million for the quarter, compared to analyst estimates of $947.80 million. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. As a group, sell-side analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.36 dividend. The ex-dividend date is Friday, May 30th. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.37%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is 24.96%.

Hyster-Yale Materials Handling 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.