Hyster-Yale Materials Handling, Inc. (NYSE:HY) Insider Martha S. Kelly Sells 1,500 Shares

Hyster-Yale Materials Handling, Inc. (NYSE:HY – Get Rating) insider Martha S. Kelly sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $45.72, for a total value of $68,580.00. Following the sale, the insider now owns 8,500 shares of the company’s stock, valued at approximately $388,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hyster-Yale Materials Handling Trading Up 0.3 %

Shares of NYSE HY opened at $47.90 on Tuesday. The stock’s 50 day simple moving average is $31.73 and its 200 day simple moving average is $29.47. The company has a current ratio of 1.09, a quick ratio of 0.49 and a debt-to-equity ratio of 1.27. The company has a market cap of $821.96 million, a price-to-earnings ratio of -10.91 and a beta of 1.26. Hyster-Yale Materials Handling, Inc. has a 12-month low of $20.99 and a 12-month high of $48.80.

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a $0.322 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, February 28th. Hyster-Yale Materials Handling’s payout ratio is -29.38%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. EF Hutton Acquisition Co. I reaffirmed a “buy” rating and set a $75.00 price objective on shares of Hyster-Yale Materials Handling in a report on Wednesday, March 1st. StockNews.com raised Hyster-Yale Materials Handling from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in Hyster-Yale Materials Handling by 823.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. Swiss National Bank lifted its stake in shares of Hyster-Yale Materials Handling by 7.6% in the 1st quarter. Swiss National Bank now owns 16,900 shares of the industrial products company’s stock valued at $561,000 after purchasing an additional 1,200 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Hyster-Yale Materials Handling in the 1st quarter valued at $418,000. MetLife Investment Management LLC lifted its stake in shares of Hyster-Yale Materials Handling by 53.7% in the 1st quarter. MetLife Investment Management LLC now owns 5,807 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 2,030 shares during the period. Finally, Ergoteles LLC acquired a new position in shares of Hyster-Yale Materials Handling in the 1st quarter valued at $239,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

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Hyster-Yale Materials Handling, Inc engages in the manufacture of lift trucks. The firm provides an array of solutions aimed at meeting the specific materials handling needs of its customers including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, and a variety of other power options for its lift trucks.