Jane Street Group LLC Buys 16,382 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Jane Street Group LLC grew its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 127.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,232 shares of the industrial products company's stock after buying an additional 16,382 shares during the quarter. Jane Street Group LLC owned 0.17% of Hyster-Yale Materials Handling worth $1,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Hyster-Yale Materials Handling by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 515,809 shares of the industrial products company's stock worth $26,270,000 after buying an additional 5,366 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Hyster-Yale Materials Handling by 15.8% during the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock valued at $14,002,000 after acquiring an additional 37,432 shares during the last quarter. Northern Trust Corp grew its stake in shares of Hyster-Yale Materials Handling by 5.1% in the fourth quarter. Northern Trust Corp now owns 114,787 shares of the industrial products company's stock worth $5,846,000 after acquiring an additional 5,572 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Hyster-Yale Materials Handling by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company's stock valued at $5,562,000 after purchasing an additional 2,446 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Hyster-Yale Materials Handling by 76.3% during the fourth quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company's stock valued at $4,120,000 after purchasing an additional 35,000 shares during the period. Hedge funds and other institutional investors own 46.47% of the company's stock.

Hyster-Yale Materials Handling Stock Performance

HY stock traded down $0.94 during trading on Friday, reaching $39.60. The stock had a trading volume of 67,284 shares, compared to its average volume of 82,369. The firm has a market cap of $701.24 million, a PE ratio of 4.44 and a beta of 1.49. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $40.35 and its two-hundred day moving average is $47.95. Hyster-Yale Materials Handling, Inc. has a 52 week low of $34.13 and a 52 week high of $84.44.

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, topping the consensus estimate of $0.47 by $0.02. The firm 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%. As a group, equities analysts anticipate 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 $0.36 dividend. The ex-dividend date is Friday, May 30th. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.64%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is presently 25.67%.

Analysts Set New Price Targets

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 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.