Shufro Rose & Co. LLC Purchases Shares of 9,000 Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Shufro Rose & Co. LLC acquired a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,000 shares of the industrial products company's stock, valued at approximately $458,000. Shufro Rose & Co. LLC owned approximately 0.05% of Hyster-Yale Materials Handling at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $417,000. A&I Financial Services LLC purchased a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth $492,000. Jane Street Group LLC boosted its position in Hyster-Yale Materials Handling by 127.5% during the fourth quarter. Jane Street Group LLC now owns 29,232 shares of the industrial products company's stock valued at $1,489,000 after purchasing an additional 16,382 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Hyster-Yale Materials Handling in the fourth quarter valued at about $321,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Hyster-Yale Materials Handling by 68.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 60,399 shares of the industrial products company's stock valued at $3,076,000 after purchasing an additional 24,438 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of 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 Down 1.5%

Shares of HY stock traded down $0.62 during trading hours on Friday, reaching $40.24. 97,088 shares of the company's stock were exchanged, compared to its average volume of 82,141. 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's 50 day moving average is $39.86 and its 200-day moving average is $47.54. 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 cap of $712.57 million, a price-to-earnings ratio of 4.52 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced 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. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The firm had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. Analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given 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 dividend yield of 3.58%. The ex-dividend date is Friday, May 30th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) 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.