Renaissance Technologies LLC Grows Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Renaissance Technologies LLC boosted its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 76.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,900 shares of the industrial products company's stock after acquiring an additional 35,000 shares during the quarter. Renaissance Technologies LLC owned 0.46% of Hyster-Yale Materials Handling worth $4,120,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. A&I Financial Services LLC acquired a new position in Hyster-Yale Materials Handling during the 4th quarter worth $492,000. Barclays PLC increased its stake in shares of Hyster-Yale Materials Handling by 19.0% during the third quarter. Barclays PLC now owns 26,492 shares of the industrial products company's stock worth $1,690,000 after buying an additional 4,226 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Hyster-Yale Materials Handling during the 4th quarter worth approximately $321,000. Empowered Funds LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter valued at approximately $1,243,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $417,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Hyster-Yale Materials Handling Stock Up 1.1 %

HY traded up $0.43 on Friday, reaching $39.55. The company's stock had a trading volume of 46,185 shares, compared to its average volume of 85,044. The company has a market capitalization of $699.92 million, a price-to-earnings ratio of 4.44 and a beta of 1.32. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $84.44. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $43.20 and a two-hundred day moving average of $51.43.

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is 17.37%.

About Hyster-Yale Materials Handling

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.