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 & Exchange Commission. The fund bought 64,098 shares of the industrial products company's stock, valued at approximately $3,265,000. First Trust Advisors LP owned approximately 0.37% of Hyster-Yale Materials Handling at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in shares of 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 valued at $38,000 after purchasing an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Hyster-Yale Materials Handling during the fourth quarter worth $76,000. US Bancorp DE raised its holdings in shares of Hyster-Yale Materials Handling by 29.1% during 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 period. CANADA LIFE ASSURANCE Co increased its position in Hyster-Yale Materials Handling by 164.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company's stock valued at $125,000 after buying an additional 1,535 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in Hyster-Yale Materials Handling by 1,613.2% during the 4th quarter. Quantbot Technologies LP now owns 3,238 shares of the industrial products company's stock worth $165,000 after buying an additional 3,049 shares during the period. Institutional investors own 46.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Thursday.

Hyster-Yale Materials Handling Price Performance

HY stock traded down $0.47 during mid-day trading on Friday, reaching $40.09. 29,176 shares of the company traded hands, compared to its average volume of 79,521. The company has a fifty day moving average price of $41.02 and a 200-day moving average price of $49.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. Hyster-Yale Materials Handling, Inc. has a 52-week low of $34.13 and a 52-week high of $84.44. The company has a market capitalization of $709.47 million, a P/E ratio of 4.50 and a beta of 1.49.

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 for the quarter, beating 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 company had revenue of $910.40 million for the quarter, compared to analysts' expectations of $947.80 million. As a group, analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.49%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is currently 17.37%.

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.