Jane Street Group LLC boosted its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 127.5% in the fourth quarter, according to its most recent filing with the Securities and 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 approximately 0.17% of Hyster-Yale Materials Handling worth $1,489,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter valued at about $417,000. A&I Financial Services LLC purchased a new position in Hyster-Yale Materials Handling in the 4th quarter worth approximately $492,000. Hussman Strategic Advisors Inc. purchased a new position in Hyster-Yale Materials Handling in the 4th quarter worth approximately $321,000. Empowered Funds LLC bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $1,243,000. Finally, Principal Financial Group Inc. grew 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 buying an additional 972 shares during the last quarter. Institutional investors own 46.47% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.
View Our Latest Stock Analysis on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Trading Up 0.4%
Hyster-Yale Materials Handling stock opened at $42.87 on Tuesday. 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 business's fifty day simple moving average is $40.67 and its two-hundred day simple moving average is $48.40. Hyster-Yale Materials Handling, Inc. has a 12 month low of $34.13 and a 12 month high of $84.44. The company has a market capitalization 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 posted its quarterly earnings results 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. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The firm had revenue of $910.40 million during the quarter, compared to analysts' expectations of $947.80 million. As a group, equities analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.
Hyster-Yale Materials Handling Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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%. The ex-dividend date is Friday, May 30th. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. Hyster-Yale Materials Handling's dividend 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.
Further Reading
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