MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Stock Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,346 shares of the industrial products company's stock after selling 11,453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.44% of Hyster-Yale Materials Handling worth $3,886,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP purchased a new position in Hyster-Yale Materials Handling in the fourth quarter worth $3,265,000. JPMorgan Chase & Co. boosted its position in Hyster-Yale Materials Handling by 165.5% in the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company's stock worth $3,220,000 after purchasing an additional 39,415 shares during the last quarter. American Century Companies Inc. boosted its position in Hyster-Yale Materials Handling by 15.8% in the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock worth $14,002,000 after purchasing an additional 37,432 shares during the last quarter. Renaissance Technologies LLC boosted its position in Hyster-Yale Materials Handling by 76.3% in the fourth quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company's stock worth $4,120,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Brightline Capital Management LLC purchased a new position in Hyster-Yale Materials Handling in the fourth quarter worth $1,528,000. Hedge funds and other 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 note on Thursday, May 8th.

Hyster-Yale Materials Handling Stock Performance

Shares of HY opened at $42.87 on Tuesday. The firm has a market cap of $759.14 million, a PE ratio of 4.81 and a beta of 1.49. The stock's fifty day moving average price is $40.67 and its two-hundred day moving average price 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, 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 earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $910.40 million for the quarter, compared to analyst estimates of $947.80 million. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. On average, equities research analysts forecast that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.36%. This is a positive change 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%.

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.

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