Hyster-Yale Materials Handling Inc (NYSE:HY) insider Helen Rankin Butler purchased 521 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Wednesday, October 10th. The shares were acquired at an average price of $62.12 per share, with a total value of $32,364.52. Following the acquisition, the insider now directly owns 3,622 shares of the company’s stock, valued at approximately $224,998.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE:HY opened at $59.26 on Friday. Hyster-Yale Materials Handling Inc has a 12-month low of $56.40 and a 12-month high of $93.90. The company has a market cap of $1.02 billion, a PE ratio of 14.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 0.87.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Hyster-Yale Materials Handling had a return on equity of 8.26% and a net margin of 1.14%. The firm had revenue of $765.60 million for the quarter, compared to the consensus estimate of $797.00 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that Hyster-Yale Materials Handling Inc will post 3.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 30.54%.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth approximately $164,000. Global X Management Co LLC bought a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $231,000. Raymond James & Associates bought a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $237,000. Barclays PLC boosted its holdings in shares of Hyster-Yale Materials Handling by 40.5% during the first quarter. Barclays PLC now owns 3,772 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 1,087 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Hyster-Yale Materials Handling by 1,184.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,405 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 4,062 shares during the period. Institutional investors own 50.63% of the company’s stock.
A number of equities analysts recently commented on HY shares. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. TheStreet cut Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a report on Friday, August 3rd. Finally, ValuEngine upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Friday, September 21st. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $66.00.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
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