Bank of America Corp DE boosted its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,693 shares of the industrial products company's stock after purchasing an additional 6,870 shares during the period. Bank of America Corp DE owned approximately 0.26% of Hyster-Yale Materials Handling worth $2,276,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its position in Hyster-Yale Materials Handling by 421.8% in the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock valued at $38,000 after buying an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Hyster-Yale Materials Handling in the 4th quarter valued at about $76,000. US Bancorp DE boosted its position in Hyster-Yale Materials Handling by 29.1% in 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 during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Hyster-Yale Materials Handling by 164.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company's stock valued at $125,000 after buying an additional 1,535 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position 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 buying an additional 448 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.
Hyster-Yale Materials Handling Stock Up 0.8%
NYSE:HY traded up $0.34 on Friday, reaching $41.17. The stock had a trading volume of 36,961 shares, compared to its average volume of 81,367. 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 50-day moving average of $39.66 and a 200 day moving average of $47.13. The stock has a market cap of $729.11 million, a P/E ratio of 4.62 and a beta of 1.51. 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 issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate 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 business had revenue of $910.40 million for the quarter, compared to analysts' expectations of $947.80 million. On average, research analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.
Hyster-Yale Materials Handling Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.36 per share. This is a boost 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 annualized dividend and a dividend yield of 3.50%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is presently 25.67%.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.
Check Out Our Latest Report on Hyster-Yale Materials Handling
About Hyster-Yale Materials Handling
(
Free Report)
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.
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