Gamco Investors INC. ET AL Cuts Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Gamco Investors INC. ET AL lowered its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 847,257 shares of the industrial products company's stock after selling 16,839 shares during the quarter. Gamco Investors INC. ET AL owned about 4.84% of Hyster-Yale Materials Handling worth $43,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HY. JPMorgan Chase & Co. increased its position in Hyster-Yale Materials Handling by 165.5% in the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company's stock worth $3,220,000 after purchasing an additional 39,415 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 15.8% during the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock worth $14,002,000 after purchasing an additional 37,432 shares during the period. Renaissance Technologies LLC lifted its stake in Hyster-Yale Materials Handling by 76.3% in the fourth quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company's stock worth $4,120,000 after purchasing an additional 35,000 shares during the last quarter. Brightline Capital Management LLC purchased a new position in shares of Hyster-Yale Materials Handling during the fourth quarter valued at approximately $1,528,000. Finally, Empowered Funds LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter worth approximately $1,243,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Hyster-Yale Materials Handling Trading Up 0.9 %

Shares of NYSE HY traded up $0.36 during trading hours on Friday, reaching $38.36. The stock had a trading volume of 66,524 shares, compared to its average volume of 85,605. Hyster-Yale Materials Handling, Inc. has a 52-week low of $34.13 and a 52-week high of $84.44. The firm has a market cap of $678.87 million, a price-to-earnings ratio of 4.31 and a beta of 1.32. The business's fifty day moving average price is $44.62 and its two-hundred day moving average price is $52.25. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, February 28th. Hyster-Yale Materials Handling's payout ratio is 17.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

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.