Cubist Systematic Strategies LLC Takes $1.06 Million Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Cubist Systematic Strategies LLC acquired a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,813 shares of the industrial products company's stock, valued at approximately $1,060,000. Cubist Systematic Strategies LLC owned 0.12% of Hyster-Yale Materials Handling at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HY. Bridgeway Capital Management LLC bought a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at approximately $1,497,000. Balyasny Asset Management L.P. boosted its stake in Hyster-Yale Materials Handling by 36.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 11,509 shares of the industrial products company's stock valued at $586,000 after buying an additional 3,054 shares in the last quarter. Bank of America Corp DE raised its position in Hyster-Yale Materials Handling by 18.2% in the fourth quarter. Bank of America Corp DE now owns 44,693 shares of the industrial products company's stock valued at $2,276,000 after purchasing an additional 6,870 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Hyster-Yale Materials Handling by 2.6% during the fourth quarter. Ameriprise Financial Inc. now owns 44,328 shares of the industrial products company's stock worth $2,258,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of Hyster-Yale Materials Handling by 17.1% during the fourth quarter. Algert Global LLC now owns 24,045 shares of the industrial products company's stock worth $1,225,000 after acquiring an additional 3,512 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Hyster-Yale Materials Handling Price Performance

Shares of 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 82,373. Hyster-Yale Materials Handling, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44. 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's 50-day moving average is $40.77 and its 200 day moving average is $48.90. 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 (NYSE:HY - Get Free Report) last posted 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 during 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%. On average, equities analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The company 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 $0.36 dividend. 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%. The ex-dividend date of this dividend is Friday, May 30th. Hyster-Yale Materials Handling's payout ratio is currently 24.96%.

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.