Price T Rowe Associates Inc. MD cut its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 63.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,935 shares of the industrial products company's stock after selling 13,503 shares during the period. Price T Rowe Associates Inc. MD's holdings in Hyster-Yale Materials Handling were worth $405,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. First Trust Advisors LP bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth approximately $3,265,000. JPMorgan Chase & Co. grew its position in shares of Hyster-Yale Materials Handling by 165.5% during the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company's stock worth $3,220,000 after purchasing an additional 39,415 shares in the last quarter. American Century Companies Inc. raised its stake in Hyster-Yale Materials Handling by 15.8% during the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock valued at $14,002,000 after purchasing an additional 37,432 shares during the period. Renaissance Technologies LLC lifted its holdings in Hyster-Yale Materials Handling by 76.3% in the 4th quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company's stock worth $4,120,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Brightline Capital Management LLC purchased a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at approximately $1,528,000. Hedge funds and other institutional investors own 46.47% of the company's stock.
Hyster-Yale Materials Handling Price Performance
Shares of HY traded down $0.13 during mid-day trading on Tuesday, hitting $42.65. 1,940 shares of the stock were exchanged, compared to its average volume of 82,007. The firm has a 50-day moving average of $40.67 and a two-hundred day moving average of $48.40. Hyster-Yale Materials Handling, Inc. has a 52-week low of $34.13 and a 52-week high of $84.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The company has a market cap of $755.18 million, a PE ratio of 4.79 and a beta of 1.49.
Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. The business had revenue of $910.40 million during the quarter, compared to analysts' expectations of $947.80 million. On average, equities analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.
Hyster-Yale Materials Handling Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.38%. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 30th. Hyster-Yale Materials Handling's dividend payout ratio is presently 25.67%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on HY
About Hyster-Yale Materials Handling
(
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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