Hyster-Yale Materials Handling (NYSE:HY) was upgraded by analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating in a note issued to investors on Tuesday, January 23rd, MarketBeat Ratings reports.
Several other equities research analysts also recently commented on HY. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Sidoti reiterated a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $74.00.
Hyster-Yale Materials Handling (NYSE:HY) traded up $1.96 during midday trading on Tuesday, reaching $80.65. The company had a trading volume of 37,935 shares, compared to its average volume of 40,479. Hyster-Yale Materials Handling has a 52 week low of $53.50 and a 52 week high of $93.90. The company has a market cap of $1,293.58, a P/E ratio of 21.06 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.64 and a quick ratio of 1.02.
In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,178 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total value of $99,423.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 26.34% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Hyster-Yale Materials Handling by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 927,810 shares of the industrial products company’s stock worth $65,179,000 after purchasing an additional 18,840 shares during the last quarter. Vanguard Group Inc. boosted its position in Hyster-Yale Materials Handling by 3.9% in the second quarter. Vanguard Group Inc. now owns 659,764 shares of the industrial products company’s stock worth $46,348,000 after purchasing an additional 24,805 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Hyster-Yale Materials Handling by 0.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 632,926 shares of the industrial products company’s stock worth $48,381,000 after purchasing an additional 4,461 shares during the last quarter. Royce & Associates LP boosted its position in Hyster-Yale Materials Handling by 3.6% in the third quarter. Royce & Associates LP now owns 295,233 shares of the industrial products company’s stock worth $22,568,000 after purchasing an additional 10,276 shares during the last quarter. Finally, State Street Corp boosted its position in Hyster-Yale Materials Handling by 10.4% in the second quarter. State Street Corp now owns 219,916 shares of the industrial products company’s stock worth $15,446,000 after purchasing an additional 20,740 shares during the last quarter. 50.00% of the stock is currently owned by institutional investors and hedge funds.
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Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.
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