Hyster-Yale Materials Handling (NYSE:HY) Stock Passes Above 200 Day Moving Average of $54.61

Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HYGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.61 and traded as high as $62.95. Hyster-Yale Materials Handling shares last traded at $62.92, with a volume of 65,441 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TheStreet cut shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th. StockNews.com lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Finally, Roth Mkm began coverage on shares of Hyster-Yale Materials Handling in a report on Tuesday, December 5th. They issued a “buy” rating and a $85.00 target price on the stock.

View Our Latest Analysis on HY

Hyster-Yale Materials Handling Trading Up 4.2 %

The company’s fifty day moving average price is $64.40 and its two-hundred day moving average price is $54.61. 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 has a market cap of $1.10 billion, a P/E ratio of 8.68 and a beta of 1.48.

Hyster-Yale Materials Handling (NYSE:HYGet Free Report) last posted its earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, sell-side analysts predict that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current fiscal year.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, February 29th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 17.93%.

Insiders Place Their Bets

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.65, for a total transaction of $293,250.00. Following the sale, the insider now owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 11,720 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.10, for a total transaction of $680,932.00. Following the transaction, the insider now directly owns 367,152 shares in the company, valued at approximately $21,331,531.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.65, for a total transaction of $293,250.00. Following the sale, 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. Insiders own 33.93% of the company’s stock.

Institutional Investors Weigh In On Hyster-Yale Materials Handling

Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its position in shares of Hyster-Yale Materials Handling by 823.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock worth $26,000 after buying an additional 700 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC grew its position in shares of Hyster-Yale Materials Handling by 190.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the industrial products company’s stock worth $43,000 after buying an additional 1,313 shares during the period. NewEdge Advisors LLC grew its position in shares of Hyster-Yale Materials Handling by 31.0% during the 1st quarter. NewEdge Advisors LLC now owns 883 shares of the industrial products company’s stock worth $44,000 after buying an additional 209 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Hyster-Yale Materials Handling by 600.0% during the 4th quarter. Point72 Asset Management L.P. now owns 700 shares of the industrial products company’s stock worth $44,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

(Get Free Report)

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.

Further Reading

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