Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,399 shares of the industrial products company's stock after buying an additional 24,438 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.34% of Hyster-Yale Materials Handling worth $3,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HY. Scotia Capital Inc. increased its stake in Hyster-Yale Materials Handling by 0.7% during the fourth quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company's stock worth $1,623,000 after purchasing an additional 223 shares during the period. Isthmus Partners LLC grew its position in shares of Hyster-Yale Materials Handling by 0.5% during the fourth quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company's stock worth $2,403,000 after buying an additional 238 shares in the last quarter. US Bancorp DE grew its position in shares of Hyster-Yale Materials Handling by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock worth $88,000 after buying an additional 389 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Hyster-Yale Materials Handling by 17.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company's stock worth $154,000 after buying an additional 448 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Hyster-Yale Materials Handling by 1.1% in the fourth quarter. Sei Investments Co. now owns 46,210 shares of the industrial products company's stock valued at $2,353,000 after purchasing an additional 507 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Stock Performance

NYSE HY traded down $0.94 on Friday, reaching $39.60. The stock had a trading volume of 67,284 shares, compared to its average volume of 82,369. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. Hyster-Yale Materials Handling, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44. The business's 50-day moving average price is $40.35 and its 200 day moving average price is $47.95. The stock has a market cap of $701.24 million, a P/E ratio of 4.44 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued 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. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The company had revenue of $910.40 million during the quarter, compared to analysts' expectations of $947.80 million. As a group, equities analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.36 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.64%. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. Hyster-Yale Materials Handling's payout ratio is currently 25.67%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Thursday, May 8th.

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.