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Hyster-Yale Materials Handling (NYSE:HY) Upgraded by StockNews.com to Buy Rating

Hyster-Yale Materials Handling logo with Industrials background

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.

Hyster-Yale Materials Handling Stock Down 2.4 %

HY stock traded down $0.94 during mid-day trading on Monday, reaching $38.60. The company had a trading volume of 51,664 shares, compared to its average volume of 84,940. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The stock has a 50 day simple moving average of $42.88 and a two-hundred day simple moving average of $51.00. The company has a market capitalization of $683.10 million, a price-to-earnings ratio of 4.33 and a beta of 1.32. Hyster-Yale Materials Handling has a 52 week low of $34.13 and a 52 week high of $84.44.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HY. Point72 Asia Singapore Pte. Ltd. bought a new position in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $27,000. Mattson Financial Services LLC bought a new position in shares of Hyster-Yale Materials Handling during the 4th quarter worth approximately $36,000. 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 valued at $38,000 after acquiring an additional 599 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at $76,000. Finally, US Bancorp DE raised its position in shares of 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 period. 46.47% of the stock is currently owned by institutional investors.

About Hyster-Yale Materials Handling

(Get 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.

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