Mork Capital Management LLC Acquires Shares of 19,900 Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Mork Capital Management LLC acquired 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,900 shares of the industrial products company's stock, valued at approximately $1,014,000. Mork Capital Management LLC owned 0.11% of Hyster-Yale Materials Handling as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $417,000. A&I Financial Services LLC purchased a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $492,000. Hussman Strategic Advisors Inc. purchased a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $321,000. Empowered Funds LLC purchased a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $1,243,000. Finally, Amundi increased its holdings in Hyster-Yale Materials Handling by 111.6% during the fourth quarter. Amundi now owns 4,400 shares of the industrial products company's stock valued at $221,000 after buying an additional 2,321 shares during the last quarter. Institutional investors own 46.47% of the company's stock.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE HY 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 82,447. The stock has a 50-day moving average of $40.71 and a 200-day moving average of $48.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The company has a market capitalization 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 12-month low of $34.13 and a 12-month 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $910.40 million during the quarter, compared to analysts' expectations of $947.80 million. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. As a group, research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS 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. Investors of record on Friday, May 30th will be given a dividend of $0.36 per share. This is a positive change from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 30th. 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 is currently 24.96%.

Analyst Upgrades and Downgrades

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

About Hyster-Yale Materials Handling

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.