NBC Securities Inc. Acquires 11,671 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

NBC Securities Inc. increased its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 129,677.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,680 shares of the industrial products company's stock after buying an additional 11,671 shares during the quarter. NBC Securities Inc. owned about 0.07% of Hyster-Yale Materials Handling worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Scotia Capital Inc. raised its holdings in shares of Hyster-Yale Materials Handling by 0.7% during the 4th quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company's stock valued at $1,623,000 after buying an additional 223 shares during the period. Isthmus Partners LLC raised its holdings in Hyster-Yale Materials Handling by 0.5% during the fourth quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company's stock worth $2,403,000 after purchasing an additional 238 shares in the last quarter. US Bancorp DE raised its position in shares of Hyster-Yale Materials Handling by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock worth $88,000 after purchasing an additional 389 shares during the period. Tower Research Capital LLC TRC raised its stake in Hyster-Yale Materials Handling by 17.4% during 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 period. Finally, Sei Investments Co. grew its holdings in shares of Hyster-Yale Materials Handling by 1.1% during the 4th quarter. Sei Investments Co. now owns 46,210 shares of the industrial products company's stock valued at $2,353,000 after acquiring an additional 507 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 Price Performance

NYSE:HY traded up $0.80 during mid-day trading on Monday, hitting $42.06. The company's stock had a trading volume of 60,230 shares, compared to its average volume of 80,994. 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 company has a market capitalization of $744.83 million, a price-to-earnings ratio of 4.72 and a beta of 1.51. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $84.44. The stock has a fifty day moving average of $39.66 and a 200-day moving average of $46.92.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business 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 forecast that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal 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 paid a $0.36 dividend. This is a positive change from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.42%. The ex-dividend date 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.