GAMMA Investing LLC grew its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 2,751.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,637 shares of the industrial products company's stock after acquiring an additional 9,299 shares during the quarter. GAMMA Investing LLC owned about 0.05% of Hyster-Yale Materials Handling worth $4,000,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Scotia Capital Inc. boosted its stake in Hyster-Yale Materials Handling by 0.7% during the 4th quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company's stock valued at $1,623,000 after purchasing an additional 223 shares during the last quarter. Isthmus Partners LLC boosted 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 valued at $2,403,000 after buying an additional 238 shares during the last quarter. US Bancorp DE grew its holdings in 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 raised 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. Finally, Sei Investments Co. raised its position in Hyster-Yale Materials Handling by 1.1% in the 4th quarter. Sei Investments Co. now owns 46,210 shares of the industrial products company's stock valued at $2,353,000 after buying an additional 507 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th.
View Our Latest Report on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Stock Down 1.3%
NYSE:HY traded down $0.53 on Thursday, hitting $41.61. The stock had a trading volume of 3,977 shares, compared to its average volume of 79,989. Hyster-Yale Materials Handling, Inc. has a 1 year low of $34.13 and a 1 year high of $84.44. The firm's fifty day simple moving average is $39.87 and its two-hundred day simple moving average is $46.86. 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 stock has a market cap of $736.83 million, a P/E ratio of 4.67 and a beta of 1.51.
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, 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 the consensus estimate of $947.80 million. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.46%. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 30th. Hyster-Yale Materials Handling's payout ratio is presently 25.67%.
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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