Semanteon Capital Management LP Invests $415,000 in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Semanteon Capital Management LP acquired a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 6,673 shares of the industrial products company’s stock, valued at approximately $415,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Hyster-Yale Materials Handling by 1.4% in the third quarter. Vanguard Group Inc. now owns 945,578 shares of the industrial products company’s stock valued at $42,154,000 after acquiring an additional 12,747 shares during the last quarter. FMR LLC grew its position in shares of Hyster-Yale Materials Handling by 60.6% during the 3rd quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock worth $26,262,000 after purchasing an additional 222,340 shares in the last quarter. Valueworks LLC grew its position in shares of Hyster-Yale Materials Handling by 74.9% during the 3rd quarter. Valueworks LLC now owns 210,980 shares of the industrial products company’s stock worth $9,405,000 after purchasing an additional 90,355 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Hyster-Yale Materials Handling by 38.8% during the 4th quarter. Federated Hermes Inc. now owns 131,538 shares of the industrial products company’s stock worth $8,180,000 after purchasing an additional 36,758 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Hyster-Yale Materials Handling by 86.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 124,733 shares of the industrial products company’s stock worth $7,757,000 after purchasing an additional 57,758 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th.

Hyster-Yale Materials Handling Stock Performance

Shares of HY stock traded down $1.31 during trading on Friday, reaching $58.74. 77,745 shares of the company’s stock traded hands, compared to its average volume of 100,373. The company has a market capitalization of $1.03 billion, a P/E ratio of 8.10 and a beta of 1.48. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average is $62.03 and its 200 day moving average is $57.24. Hyster-Yale Materials Handling, Inc. has a 1 year low of $38.50 and a 1 year high of $72.40.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities research analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.325 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.30 annualized dividend and a dividend yield of 2.21%. Hyster-Yale Materials Handling’s dividend payout ratio is 17.93%.

Insider Activity at Hyster-Yale Materials Handling

In other news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the completion of the sale, the insider now directly owns 378,872 shares in the company, valued at $22,220,842.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 11,720 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now directly owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank F. Taplin sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the transaction, the insider now owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by corporate insiders.

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. 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.