Federated Hermes Inc. Acquires 36,758 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Federated Hermes Inc. boosted its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 38.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,538 shares of the industrial products company's stock after buying an additional 36,758 shares during the period. Federated Hermes Inc. owned approximately 0.77% of Hyster-Yale Materials Handling worth $8,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HY. Bailard Inc. purchased a new stake in Hyster-Yale Materials Handling during the third quarter valued at approximately $227,000. Strs Ohio raised its position in Hyster-Yale Materials Handling by 17.1% during the third quarter. Strs Ohio now owns 13,700 shares of the industrial products company's stock valued at $610,000 after purchasing an additional 2,000 shares during the period. Mcdonald Partners LLC raised its position in Hyster-Yale Materials Handling by 18.7% during the third quarter. Mcdonald Partners LLC now owns 47,144 shares of the industrial products company's stock valued at $2,102,000 after purchasing an additional 7,433 shares during the period. Teacher Retirement System of Texas raised its position in Hyster-Yale Materials Handling by 214.6% during the third quarter. Teacher Retirement System of Texas now owns 17,446 shares of the industrial products company's stock valued at $778,000 after purchasing an additional 11,901 shares during the period. Finally, EFG Asset Management North America Corp. raised its position in Hyster-Yale Materials Handling by 50.8% during the third quarter. EFG Asset Management North America Corp. now owns 23,054 shares of the industrial products company's stock valued at $1,029,000 after purchasing an additional 7,767 shares during the period. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling Trading Down 1.3 %

Shares of NYSE HY traded down $0.79 during midday trading on Thursday, hitting $60.05. The company's stock had a trading volume of 76,245 shares, compared to its average volume of 100,657. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $62.03 and its two-hundred day moving average is $57.24. Hyster-Yale Materials Handling, Inc. has a 12-month low of $38.50 and a 12-month high of $72.40. The firm has a market cap of $1.05 billion, a P/E ratio of 8.28 and a beta of 1.48.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $1.02 billion. As a group, equities research analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently declared 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 was Thursday, February 29th. This represents a $1.30 annualized dividend and a dividend yield of 2.16%. Hyster-Yale Materials Handling's payout ratio is 17.93%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HY shares. TheStreet downgraded Hyster-Yale Materials Handling from a "b-" rating to a "c" rating in a research report on Monday, March 4th. StockNews.com downgraded Hyster-Yale Materials Handling from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 28th.

Insider Transactions at Hyster-Yale Materials Handling

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the completion of the sale, the insider now directly owns 367,152 shares of the company's stock, valued at approximately $21,331,531.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction 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 directly owns 378,872 shares of the company's stock, valued at approximately $22,220,842.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling 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 directly owns 367,152 shares of the company's stock, valued at $21,331,531.20. The disclosure for this sale can be found here. Company insiders own 33.93% 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.