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Hyster-Yale Materials Handling (NYSE:HY) Upgraded at StockNews.com

Hyster-Yale Materials Handling logo with Industrials background

StockNews.com upgraded shares of Hyster-Yale Materials Handling (NYSE:HY - Free Report) from a hold rating to a buy rating in a research note published on Monday morning.

Hyster-Yale Materials Handling Stock Up 2.6 %

NYSE:HY traded up $1.02 during trading hours on Monday, hitting $40.26. 59,354 shares of the company's stock traded hands, compared to its average volume of 84,544. The stock's fifty day moving average price is $41.87 and its two-hundred day moving average price is $50.46. The firm has a market cap of $712.45 million, a P/E ratio of 4.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. Hyster-Yale Materials Handling has a twelve month low of $34.13 and a twelve month high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling's payout ratio is presently 17.37%.

Institutional Investors Weigh In On Hyster-Yale Materials Handling

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth $27,000. Mattson Financial Services LLC purchased a new position in Hyster-Yale Materials Handling in the fourth quarter valued at about $36,000. Meeder Asset Management Inc. increased its position 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 worth $38,000 after purchasing an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth about $76,000. Finally, US Bancorp DE lifted its holdings in shares of 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 valued at $88,000 after buying an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

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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