Millennium Management LLC Has $5.06 Million Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Millennium Management LLC boosted its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,255 shares of the industrial products company's stock after purchasing an additional 17,120 shares during the period. Millennium Management LLC owned about 0.57% of Hyster-Yale Materials Handling worth $5,055,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in shares of Hyster-Yale Materials Handling by 421.8% in the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 599 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at about $76,000. US Bancorp DE lifted its stake in 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 during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in 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 during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 448 shares during the last quarter. Institutional investors own 46.47% of the company's stock.

Hyster-Yale Materials Handling Stock Performance

HY stock traded down $0.74 during mid-day trading on Monday, hitting $39.42. 84,918 shares of the company were exchanged, compared to its average volume of 82,152. The business has a 50 day simple moving average of $39.76 and a 200-day simple moving average of $47.41. 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 has a market capitalization of $698.12 million, a PE ratio of 4.42 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a 1-year low of $34.13 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $910.40 million during the quarter, compared to the consensus estimate of $947.80 million. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. On average, equities analysts forecast 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. Stockholders of record on Friday, May 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.65%. This is an increase 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 presently 25.67%.

Analyst Ratings Changes

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

About Hyster-Yale Materials Handling

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.