Hyster-Yale Materials Handling (NYSE:HY) Rating Reiterated by Northland Securities

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report)'s stock had its "market perform" rating reissued by analysts at Northland Securities in a report issued on Friday, Benzinga reports. They presently have a $90.00 price objective on the industrial products company's stock, up from their previous price objective of $80.00. Northland Securities' target price indicates a potential upside of 15.92% from the company's current price.

HY has been the subject of a number of other reports. TheStreet cut shares of Hyster-Yale Materials Handling from a "b-" rating to a "c" rating in a report on Monday, March 4th. Roth Mkm restated a "buy" rating and issued a $87.00 target price (up from $85.00) on shares of Hyster-Yale Materials Handling in a report on Thursday. Finally, StockNews.com downgraded Hyster-Yale Materials Handling from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 28th.

Hyster-Yale Materials Handling Stock Performance

NYSE HY traded down $1.37 during trading hours on Friday, hitting $77.64. The company had a trading volume of 170,608 shares, compared to its average volume of 105,359. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.36 billion, a P/E ratio of 10.70 and a beta of 1.49. Hyster-Yale Materials Handling has a fifty-two week low of $38.50 and a fifty-two week high of $79.66. The business has a fifty day simple moving average of $61.03 and a 200-day simple moving average of $58.61.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities analysts predict that Hyster-Yale Materials Handling will post 7.06 EPS for the current year.

Insider Buying and Selling at Hyster-Yale Materials Handling

In related news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the transaction, the insider now owns 378,872 shares in the company, valued at approximately $22,220,842.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Frank F. Taplin sold 11,720 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.10, for a total value of $680,932.00. Following the sale, the insider now owns 367,152 shares in the company, valued at $21,331,531.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frank F. Taplin sold 5,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.65, for a total transaction of $293,250.00. Following the transaction, the insider now owns 378,872 shares of the company's stock, valued at $22,220,842.80. The disclosure for this sale can be found here. Corporate insiders own 33.93% of the company's stock.

Institutional Investors Weigh In On Hyster-Yale Materials Handling

A number of institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $40,000. New York State Teachers Retirement System acquired a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $61,000. AJOVista LLC acquired a new position in Hyster-Yale Materials Handling in the fourth quarter valued at about $71,000. SG Americas Securities LLC bought a new stake in Hyster-Yale Materials Handling during the 4th quarter worth approximately $151,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Hyster-Yale Materials Handling in the first quarter valued at $190,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, 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.