Hyster-Yale Materials Handling, Inc. (NYSE:HY) Stock Position Raised by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 16.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,433 shares of the industrial products company's stock after acquiring an additional 19,975 shares during the quarter. ProShare Advisors LLC owned about 0.82% of Hyster-Yale Materials Handling worth $7,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HY. Raymond James Financial Inc. purchased a new stake in Hyster-Yale Materials Handling during the 4th quarter worth $417,000. A&I Financial Services LLC purchased a new stake in Hyster-Yale Materials Handling during the 4th quarter worth $492,000. Hussman Strategic Advisors Inc. purchased a new stake in Hyster-Yale Materials Handling during the 4th quarter worth $321,000. Empowered Funds LLC purchased a new stake in Hyster-Yale Materials Handling during the 4th quarter worth $1,243,000. Finally, Amundi increased its stake in Hyster-Yale Materials Handling by 111.6% during the 4th quarter. Amundi now owns 4,400 shares of the industrial products company's stock worth $221,000 after buying an additional 2,321 shares during the period. Institutional investors and hedge funds own 46.47% of the company's stock.

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.

Hyster-Yale Materials Handling Stock Down 2.3%

Shares of HY traded down $0.94 during midday trading on Friday, hitting $39.60. The company had a trading volume of 67,284 shares, compared to its average volume of 82,369. The company's 50 day moving average price is $40.35 and its 200 day moving average price is $48.00. The stock has a market cap of $701.24 million, a price-to-earnings ratio of 4.44 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a 52 week low of $34.13 and a 52 week high of $84.44. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company 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 research analysts predict 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 announced 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 3.64%. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. 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.