Mirae Asset Global Investments Co. Ltd. Lowers Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,990 shares of the industrial products company's stock after selling 19,795 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 1.29% of Hyster-Yale Materials Handling worth $13,806,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HY. Advisor Group Holdings Inc. grew its stake in Hyster-Yale Materials Handling by 823.5% during the first quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Hyster-Yale Materials Handling by 190.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 1,313 shares in the last quarter. NewEdge Advisors LLC grew its stake in Hyster-Yale Materials Handling by 31.0% during the first quarter. NewEdge Advisors LLC now owns 883 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 209 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Hyster-Yale Materials Handling during the third quarter valued at approximately $50,000. Finally, State of Wyoming purchased a new position in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Insider Transactions at Hyster-Yale Materials Handling

In other news, insider Frank F. Taplin sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 378,872 shares in the company, valued at approximately $22,220,842.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Frank F. Taplin sold 11,720 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 367,152 shares in the company, valued at approximately $21,331,531.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank F. Taplin sold 5,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.65, for a total transaction of $293,250.00. Following the completion of the sale, 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. Company insiders own 33.93% of the company's stock.

Hyster-Yale Materials Handling Price Performance

Hyster-Yale Materials Handling stock traded up $0.28 during mid-day trading on Thursday, hitting $63.86. 40,980 shares of the company traded hands, compared to its average volume of 103,721. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $72.40. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 8.81 and a beta of 1.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 1.22. The stock has a fifty day moving average price of $63.73 and a 200-day moving average price of $56.08.

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

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.325 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.04%. Hyster-Yale Materials Handling's payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

HY has been the subject of several recent analyst reports. TheStreet cut shares of Hyster-Yale Materials Handling from a "b-" rating to a "c" rating in a research note on Monday, March 4th. StockNews.com lowered shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 28th.

About Hyster-Yale Materials Handling

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.