Barclays PLC Has $997,000 Stock Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Barclays PLC cut its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,567 shares of the industrial products company's stock after selling 6,925 shares during the quarter. Barclays PLC owned about 0.11% of Hyster-Yale Materials Handling worth $997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter worth $417,000. A&I Financial Services LLC acquired a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter worth $492,000. Hussman Strategic Advisors Inc. acquired a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at $321,000. Empowered Funds LLC acquired a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at $1,243,000. Finally, Principal Financial Group Inc. increased its stake in Hyster-Yale Materials Handling by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 10,092 shares of the industrial products company's stock valued at $514,000 after buying an additional 972 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling Stock Performance

NYSE HY traded down $0.76 during trading on Friday, reaching $39.80. The company's stock had a trading volume of 94,921 shares, compared to its average volume of 82,666. 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 firm has a market capitalization of $704.34 million, a price-to-earnings ratio of 4.47 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. The firm has a 50 day moving average price of $40.93 and a 200 day moving average price of $49.30.

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

Hyster-Yale Materials Handling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio is 24.96%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research note on Thursday.

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.