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

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

Several other institutional investors also recently modified their holdings of the business. Dumont & Blake Investment Advisors LLC grew its holdings in shares of Hyster-Yale Materials Handling by 21.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 13,189 shares of the industrial products company's stock valued at $548,000 after acquiring an additional 2,330 shares in the last quarter. GAMMA Investing LLC grew its holdings in Hyster-Yale Materials Handling by 2,751.2% during the first quarter. GAMMA Investing LLC now owns 9,637 shares of the industrial products company's stock valued at $4,000,000 after purchasing an additional 9,299 shares during the period. Mattson Financial Services LLC bought a new position in Hyster-Yale Materials Handling during the fourth quarter valued at $36,000. Shufro Rose & Co. LLC bought a new position in Hyster-Yale Materials Handling during the fourth quarter valued at $458,000. Finally, Mackenzie Financial Corp bought a new position in Hyster-Yale Materials Handling during the fourth quarter valued at $242,000. 46.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered 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

Shares of NYSE HY opened at $40.89 on Friday. The stock has a fifty day simple moving average of $39.67 and a two-hundred day simple moving average of $47.22. Hyster-Yale Materials Handling, Inc. has a 1-year low of $34.13 and a 1-year high of $84.44. The firm has a market cap of $724.03 million, a price-to-earnings ratio of 4.59 and a beta of 1.51. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $947.80 million. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. Analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 3.52%. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. Hyster-Yale Materials Handling's dividend payout ratio is currently 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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