Valueworks LLC reduced its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,340 shares of the industrial products company's stock after selling 14,615 shares during the period. Hyster-Yale Materials Handling accounts for about 4.3% of Valueworks LLC's holdings, making the stock its 9th biggest holding. Valueworks LLC owned approximately 1.46% of Hyster-Yale Materials Handling worth $13,055,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hyster-Yale Materials Handling during the 4th quarter worth $27,000. Meeder Asset Management Inc. raised its position in Hyster-Yale Materials Handling by 421.8% during the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock worth $38,000 after buying an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at about $76,000. US Bancorp DE increased its holdings in shares of 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 purchasing an additional 389 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of 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 purchasing an additional 1,535 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut 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 Stock Analysis on HY
Hyster-Yale Materials Handling Price Performance
Hyster-Yale Materials Handling stock opened at $42.87 on Tuesday. Hyster-Yale Materials Handling, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44. The stock has a market capitalization of $759.14 million, a P/E ratio of 4.81 and a beta of 1.49. The firm's 50-day moving average is $40.67 and its two-hundred day moving average is $48.40. 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 released its earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (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. Equities 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 declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.36%. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 30th. Hyster-Yale Materials Handling's payout ratio is 25.67%.
Hyster-Yale Materials Handling Company 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.
See Also
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