Russell Investments Group Ltd. Has $2.58 Million Stock Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Russell Investments Group Ltd. lessened its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY – Get Rating) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,739 shares of the industrial products company’s stock after selling 1,114 shares during the period. Russell Investments Group Ltd. owned about 0.60% of Hyster-Yale Materials Handling worth $2,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Advisor Group Holdings Inc. boosted its position in Hyster-Yale Materials Handling by 823.5% during the first quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 700 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at $33,000. Altshuler Shaham Ltd acquired a new stake in Hyster-Yale Materials Handling during the third quarter valued at $41,000. Tower Research Capital LLC TRC raised its holdings in Hyster-Yale Materials Handling by 190.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,313 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Hyster-Yale Materials Handling during the third quarter valued at about $57,000. Institutional investors and hedge funds own 42.57% of the company’s stock.

Insider Transactions at Hyster-Yale Materials Handling

In related news, insider Martha S. Kelly sold 1,500 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $45.72, for a total transaction of $68,580.00. Following the transaction, the insider now directly owns 8,500 shares in the company, valued at $388,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.93% of the stock is currently owned by corporate insiders.

Hyster-Yale Materials Handling Trading Down 0.7 %

Hyster-Yale Materials Handling stock opened at $51.40 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.50 and a current ratio of 1.11. The business’s 50-day simple moving average is $49.16 and its 200-day simple moving average is $37.58. The firm has a market capitalization of $882.02 million, a PE ratio of -37.79 and a beta of 1.31. Hyster-Yale Materials Handling, Inc. has a 52 week low of $20.99 and a 52 week high of $57.61.

Hyster-Yale Materials Handling (NYSE:HY – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The industrial products company reported $0.44 EPS for the quarter. The business had revenue of $985.20 million for the quarter. Hyster-Yale Materials Handling had a negative return on equity of 11.28% and a negative net margin of 0.60%.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.325 dividend. The ex-dividend date is Wednesday, May 31st. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.53%. Hyster-Yale Materials Handling’s payout ratio is presently -94.85%.

Wall Street Analyst Weigh In

HY has been the topic of several recent research reports. StockNews.com lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Saturday. TheStreet upgraded Hyster-Yale Materials Handling from a “d” rating to a “c” rating in a report on Monday, March 20th. Finally, EF Hutton Acquisition Co. I restated a “buy” rating and set a $75.00 target price on shares of Hyster-Yale Materials Handling in a report on Wednesday, March 1st.

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.