ProShare Advisors LLC Purchases 19,975 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

ProShare Advisors LLC lifted its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,433 shares of the industrial products company's stock after purchasing 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 & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HY. Franklin Resources Inc. grew its position in Hyster-Yale Materials Handling by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 18,680 shares of the industrial products company's stock valued at $1,260,000 after purchasing an additional 845 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth approximately $1,243,000. Principal Financial Group Inc. grew its holdings in shares of Hyster-Yale Materials Handling by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 10,092 shares of the industrial products company's stock valued at $514,000 after buying an additional 972 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter valued at approximately $321,000. Finally, Bank of New York Mellon Corp increased its position in shares of Hyster-Yale Materials Handling by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company's stock valued at $5,562,000 after acquiring an additional 2,446 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.

Hyster-Yale Materials Handling Stock Performance

NYSE HY traded down $0.07 during trading hours on Thursday, hitting $40.50. The company's stock had a trading volume of 56,081 shares, compared to its average volume of 82,209. Hyster-Yale Materials Handling, Inc. has a 12 month low of $34.13 and a 12 month high of $84.44. The company's 50 day simple moving average is $40.56 and its two-hundred day simple moving average is $48.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The company has a market cap of $717.21 million, a P/E ratio of 4.55 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. The firm had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. As a group, sell-side analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 annualized dividend and a yield of 3.56%. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. Hyster-Yale Materials Handling's dividend payout ratio (DPR) 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.