D. E. Shaw & Co. Inc. grew its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 0.34% of Hyster-Yale Materials Handling worth $3,076,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth about $417,000. A&I Financial Services LLC purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth about $492,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth about $321,000. Empowered Funds LLC purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth about $1,243,000. Finally, Principal Financial Group Inc. raised its position in shares of 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 worth $514,000 after purchasing an additional 972 shares during the last quarter. Institutional investors own 46.47% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com lowered Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Price Performance
Shares of NYSE:HY opened at $42.87 on Tuesday. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $84.44. The business has a 50-day simple moving average of $40.67 and a two-hundred day simple moving average of $48.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The firm has a market cap of $759.14 million, a price-to-earnings ratio of 4.81 and a beta of 1.49.
Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its 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 return on equity of 34.77% and a net margin of 3.68%. The business had revenue of $910.40 million during the quarter, compared to analyst estimates of $947.80 million. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.36 dividend. This is a positive change from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.36%. Hyster-Yale Materials Handling's payout ratio is 25.67%.
Hyster-Yale Materials Handling Profile
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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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