Two Sigma Investments LP Increases Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Two Sigma Investments LP boosted its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 162.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,426 shares of the industrial products company's stock after buying an additional 12,645 shares during the quarter. Two Sigma Investments LP owned approximately 0.12% of Hyster-Yale Materials Handling worth $1,040,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $27,000. Meeder Asset Management Inc. lifted its stake in shares of Hyster-Yale Materials Handling by 421.8% during the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock worth $38,000 after purchasing an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at about $76,000. US Bancorp DE grew its stake in Hyster-Yale Materials Handling by 29.1% in the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock valued at $88,000 after purchasing an additional 389 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Hyster-Yale Materials Handling by 164.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company's stock valued at $125,000 after purchasing an additional 1,535 shares during the last quarter. Institutional investors own 46.47% of the company's stock.

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 opened at $40.89 on Friday. The firm's fifty day simple moving average is $39.67 and its two-hundred day simple moving average is $47.22. 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, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44. The firm has a market capitalization of $724.03 million, a P/E ratio of 4.59 and a beta of 1.51.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $947.80 million. 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 issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, May 30th. This is an increase 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 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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