Hyster-Yale Materials Handling, Inc. (NYSE:HY) Short Interest Update

Hyster-Yale Materials Handling, Inc. (NYSE:HY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 544,400 shares, a growth of 16.0% from the March 31st total of 469,400 shares. Based on an average daily trading volume, of 99,800 shares, the short-interest ratio is currently 5.5 days. Approximately 6.1% of the company’s stock are short sold.

Insider Buying and Selling

In related news, insider Frank F. Taplin sold 11,720 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of the sale, the insider now directly owns 367,152 shares in the company, valued at $21,331,531.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Frank F. Taplin sold 5,000 shares of the business’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.10, for a total transaction of $680,932.00. Following the completion of the transaction, the insider now owns 367,152 shares in the company, valued at $21,331,531.20. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in Hyster-Yale Materials Handling in the fourth quarter valued at $40,000. New York State Teachers Retirement System acquired a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth about $61,000. AJOVista LLC acquired a new position in Hyster-Yale Materials Handling in the fourth quarter valued at about $71,000. SG Americas Securities LLC acquired a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter worth approximately $151,000. Finally, Bailard Inc. bought a new position in shares of Hyster-Yale Materials Handling in the third quarter valued at approximately $227,000. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling Stock Performance

NYSE HY traded up $1.58 during midday trading on Monday, hitting $60.26. The company had a trading volume of 92,439 shares, compared to its average volume of 100,276. The firm has a fifty day simple moving average of $61.80 and a two-hundred day simple moving average of $57.52. Hyster-Yale Materials Handling has a fifty-two week low of $38.50 and a fifty-two week high of $72.40. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 8.33 and a beta of 1.48.

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

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, February 29th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

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

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.