GAMMA Investing LLC Purchases 9,299 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

GAMMA Investing LLC grew its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 2,751.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,637 shares of the industrial products company's stock after buying an additional 9,299 shares during the quarter. GAMMA Investing LLC owned 0.05% of Hyster-Yale Materials Handling worth $4,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $27,000. Mattson Financial Services LLC acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth $36,000. Meeder Asset Management Inc. boosted its holdings in Hyster-Yale Materials Handling by 421.8% during the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock worth $38,000 after purchasing an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth $76,000. Finally, US Bancorp DE boosted 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 purchasing an additional 389 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Materials Handling Stock Performance

NYSE HY traded down $1.70 on Friday, hitting $39.44. 41,944 shares of the stock were exchanged, compared to its average volume of 79,868. The business's fifty day moving average is $40.04 and its 200 day moving average is $46.62. Hyster-Yale Materials Handling, Inc. has a 52 week low of $34.13 and a 52 week high of $84.44. The company has a market capitalization of $698.40 million, a PE ratio of 4.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The company had revenue of $910.40 million for the quarter, compared to analysts' expectations of $947.80 million. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. Research analysts anticipate 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 was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. The ex-dividend date was Friday, May 30th. Hyster-Yale Materials Handling's dividend payout ratio is presently 25.67%.

Analyst Upgrades and Downgrades

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

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.