Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,346 shares of the industrial products company's stock after selling 11,453 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.44% of Hyster-Yale Materials Handling worth $3,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HY. First Trust Advisors LP purchased a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth $3,265,000. JPMorgan Chase & Co. increased its holdings in shares of Hyster-Yale Materials Handling by 165.5% during the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company's stock valued at $3,220,000 after acquiring an additional 39,415 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 15.8% during the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock valued at $14,002,000 after purchasing an additional 37,432 shares during the period. Renaissance Technologies LLC increased its holdings in Hyster-Yale Materials Handling by 76.3% in the 4th quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company's stock worth $4,120,000 after buying an additional 35,000 shares in the last quarter. Finally, Brightline Capital Management LLC purchased a new position in Hyster-Yale Materials Handling during the fourth quarter worth approximately $1,528,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of 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 Down 2.3%

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

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The business had revenue of $910.40 million during the quarter, compared to analyst estimates 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, analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Increases Dividend

The company 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 3.64%. The ex-dividend date is Friday, May 30th. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. Hyster-Yale Materials Handling's payout ratio is 25.67%.

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.