Two Sigma Investments LP Has $1.04 Million Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. raised its stake in Hyster-Yale Materials Handling by 421.8% in 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 in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at about $76,000. US Bancorp DE grew its position in shares of Hyster-Yale Materials Handling by 29.1% during the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock worth $88,000 after purchasing an additional 389 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Hyster-Yale Materials Handling by 164.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company's stock worth $125,000 after purchasing an additional 1,535 shares during the period. Institutional investors and hedge funds 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 note on Thursday, May 8th.

Hyster-Yale Materials Handling Price Performance

Shares of HY traded up $0.80 during trading hours on Monday, hitting $42.06. 60,230 shares of the company were exchanged, compared to its average volume of 80,994. 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, Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $84.44. The company has a market cap of $744.83 million, a price-to-earnings ratio of 4.72 and a beta of 1.51. The firm's fifty day moving average is $39.66 and its 200 day moving average is $47.03.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 3.68% and a return on equity of 34.77%. On average, equities analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.42%. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 30th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is 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.