Hyster-Yale Materials Handling Inc (HY) Chairman Alfred M. Et Al Rankin Acquires 3,775 Shares

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 3,775 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average cost of $61.72 per share, with a total value of $232,993.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of HY stock opened at $64.29 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 15.83 and a beta of 1.17. Hyster-Yale Materials Handling Inc has a 1-year low of $56.40 and a 1-year high of $93.90.

Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.33. The company had revenue of $782.90 million during the quarter, compared to analyst estimates of $761.20 million. Hyster-Yale Materials Handling had a net margin of 1.07% and a return on equity of 7.86%. Hyster-Yale Materials Handling’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share.

A number of hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC boosted its stake in shares of Hyster-Yale Materials Handling by 2.2% in the third quarter. Fisher Asset Management LLC now owns 47,746 shares of the industrial products company’s stock valued at $2,938,000 after purchasing an additional 1,033 shares during the period. Barclays PLC boosted its stake in shares of Hyster-Yale Materials Handling by 40.5% in the first quarter. Barclays PLC now owns 3,772 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 1,087 shares during the period. Synovus Financial Corp boosted its stake in shares of Hyster-Yale Materials Handling by 9.7% in the third quarter. Synovus Financial Corp now owns 12,354 shares of the industrial products company’s stock valued at $761,000 after purchasing an additional 1,092 shares during the period. Legal & General Group Plc boosted its stake in shares of Hyster-Yale Materials Handling by 34.9% in the first quarter. Legal & General Group Plc now owns 4,803 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 1,243 shares during the period. Finally, Stanley Laman Group Ltd. boosted its stake in shares of Hyster-Yale Materials Handling by 15.5% in the second quarter. Stanley Laman Group Ltd. now owns 11,089 shares of the industrial products company’s stock valued at $712,000 after purchasing an additional 1,486 shares during the period. 50.37% of the stock is owned by institutional investors.

HY has been the subject of a number of analyst reports. TheStreet lowered shares of Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a report on Friday, August 3rd. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Four investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $66.00.

Hyster-Yale Materials Handling Company Profile

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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