Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 536 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was bought at an average cost of $53.63 per share, for a total transaction of $28,745.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:HY opened at $53.77 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $890.21 million, a P/E ratio of 49.95 and a beta of 1.28. Hyster-Yale Materials Handling Inc has a fifty-two week low of $43.26 and a fifty-two week high of $76.79.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.14. The company had revenue of $834.80 million for the quarter, compared to the consensus estimate of $833.70 million. Hyster-Yale Materials Handling had a net margin of 0.72% and a return on equity of 3.09%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS.
The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.3175 dividend. This is an increase from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.31. This represents a $1.27 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, May 30th.
Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in Hyster-Yale Materials Handling by 21.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 748,187 shares of the industrial products company’s stock valued at $46,357,000 after acquiring an additional 130,877 shares during the period. Acadian Asset Management LLC increased its position in shares of Hyster-Yale Materials Handling by 181.2% during the first quarter. Acadian Asset Management LLC now owns 9,260 shares of the industrial products company’s stock valued at $577,000 after buying an additional 5,967 shares during the period. Synovus Financial Corp increased its position in shares of Hyster-Yale Materials Handling by 2.1% during the fourth quarter. Synovus Financial Corp now owns 12,617 shares of the industrial products company’s stock valued at $780,000 after buying an additional 263 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Hyster-Yale Materials Handling by 23.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,556 shares of the industrial products company’s stock valued at $158,000 after buying an additional 479 shares during the period. Finally, Oberweis Asset Management Inc. bought a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter valued at about $477,000. Institutional investors and hedge funds own 46.47% of the company’s stock.
A number of equities analysts recently weighed in on the stock. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b-” rating to a “c+” rating in a report on Wednesday, March 20th. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd.
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, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
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