Bridgeway Capital Management LLC Makes New $1.50 Million Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Bridgeway Capital Management LLC bought a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,399 shares of the industrial products company's stock, valued at approximately $1,497,000. Bridgeway Capital Management LLC owned 0.17% of Hyster-Yale Materials Handling as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HY. Raymond James Financial Inc. bought a new position in Hyster-Yale Materials Handling during the 4th quarter valued at $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 shares of Hyster-Yale Materials Handling during the fourth quarter worth $321,000. Empowered Funds LLC acquired a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth about $1,243,000. Finally, Barclays PLC increased its holdings in shares of Hyster-Yale Materials Handling by 19.0% in the 3rd quarter. Barclays PLC now owns 26,492 shares of the industrial products company's stock worth $1,690,000 after acquiring an additional 4,226 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Stock Down 0.4%

HY traded down $0.16 during midday trading on Friday, hitting $42.63. 16,710 shares of the company's stock traded hands, compared to its average volume of 82,012. The company has a market cap of $754.44 million, a PE ratio of 4.81 and a beta of 1.49. The stock's fifty day simple moving average is $40.77 and its 200-day simple moving average is $48.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. Hyster-Yale Materials Handling, Inc. has a one year low of $34.13 and a one year high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $947.80 million. As a group, equities analysts anticipate 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, May 30th. This is a positive change from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. Hyster-Yale Materials Handling's payout ratio is 24.96%.

Analyst Ratings Changes

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

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.