64,098 Shares in Hyster-Yale Materials Handling, Inc. (NYSE:HY) Purchased by First Trust Advisors LP

First Trust Advisors LP bought a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,098 shares of the industrial products company's stock, valued at approximately $3,265,000. First Trust Advisors LP owned about 0.37% of Hyster-Yale Materials Handling as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. boosted its position in shares of Hyster-Yale Materials Handling by 421.8% during the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock worth $38,000 after buying an additional 599 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $76,000. US Bancorp DE increased its stake in 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 buying an additional 389 shares during the period. CANADA LIFE ASSURANCE Co increased its position 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 acquiring an additional 1,535 shares during the period. Finally, Quantbot Technologies LP raised its position in Hyster-Yale Materials Handling by 1,613.2% in the 4th quarter. Quantbot Technologies LP now owns 3,238 shares of the industrial products company's stock valued at $165,000 after purchasing an additional 3,049 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Materials Handling Stock Down 4.8 %

NYSE:HY traded down $1.96 during midday trading on Wednesday, hitting $38.58. 154,122 shares of the company were exchanged, compared to its average volume of 84,828. The company has a fifty day simple moving average of $41.34 and a 200 day simple moving average of $49.95. 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 fifty-two week low of $34.13 and a fifty-two week high of $84.44. The company has a market capitalization of $682.66 million, a PE ratio of 4.33 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The company had revenue of $910.40 million during the quarter, compared to analysts' expectations of $947.80 million. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. As a group, 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio is currently 17.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a research report on Monday, April 28th.

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.