Susquehanna Fundamental Investments LLC Buys Shares of 29,069 Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 29,069 shares of the industrial products company's stock, valued at approximately $1,480,000. Susquehanna Fundamental Investments LLC owned about 0.17% of Hyster-Yale Materials Handling at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Hyster-Yale Materials Handling by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 515,809 shares of the industrial products company's stock worth $26,270,000 after buying an additional 5,366 shares in the last quarter. American Century Companies Inc. lifted its holdings in Hyster-Yale Materials Handling by 15.8% during the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock worth $14,002,000 after buying an additional 37,432 shares during the period. Bank of New York Mellon Corp lifted its position in Hyster-Yale Materials Handling by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company's stock valued at $5,562,000 after acquiring an additional 2,446 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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, Foundry Partners LLC raised its stake in shares of Hyster-Yale Materials Handling by 6.3% in the fourth quarter. Foundry Partners LLC now owns 78,185 shares of the industrial products company's stock worth $3,982,000 after purchasing an additional 4,660 shares during the last quarter. Institutional investors own 46.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a report on Monday, April 28th.

Hyster-Yale Materials Handling Trading Up 2.6 %

Hyster-Yale Materials Handling stock traded up $1.02 during midday trading on Friday, reaching $40.26. 59,354 shares of the stock traded hands, compared to its average volume of 84,503. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The firm has a market cap of $712.45 million, a PE ratio of 4.52 and a beta of 1.32. The company has a 50-day simple moving average of $41.87 and a two-hundred day simple moving average of $50.34. Hyster-Yale Materials Handling, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is presently 17.37%.

Hyster-Yale Materials Handling Profile

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.