Jacobs Levy Equity Management Inc. Has $5.36 Million Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Jacobs Levy Equity Management Inc. reduced its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,281 shares of the industrial products company's stock after selling 13,801 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.60% of Hyster-Yale Materials Handling worth $5,362,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Graham Capital Management L.P. grew its position in shares of Hyster-Yale Materials Handling by 89.4% during the 4th quarter. Graham Capital Management L.P. now owns 6,892 shares of the industrial products company's stock worth $351,000 after buying an additional 3,254 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Hyster-Yale Materials Handling by 68.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 60,399 shares of the industrial products company's stock valued at $3,076,000 after purchasing an additional 24,438 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Hyster-Yale Materials Handling by 8.0% during the 4th quarter. Deutsche Bank AG now owns 44,208 shares of the industrial products company's stock valued at $2,252,000 after purchasing an additional 3,271 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Hyster-Yale Materials Handling during the 4th quarter valued at about $1,060,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of Hyster-Yale Materials Handling during the 4th quarter valued at about $1,497,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

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, May 8th.

Hyster-Yale Materials Handling Stock Down 0.8%

NYSE HY traded down $0.33 during trading on Tuesday, hitting $42.46. The stock had a trading volume of 4,719 shares, compared to its average volume of 82,018. The company has a market capitalization of $751.79 million, a PE ratio of 4.76 and a beta of 1.49. The company's 50-day moving average price is $40.67 and its two-hundred day moving average price is $48.40. 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, Inc. has a 12 month low of $34.13 and a 12 month high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $910.40 million for 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, sell-side analysts forecast that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. Hyster-Yale Materials Handling's dividend payout ratio is currently 25.67%.

Hyster-Yale Materials Handling Company 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.