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

Hyster-Yale Materials Handling logo with Industrials background

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.

Check Out Our Latest Report on Hyster-Yale Materials Handling

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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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