Vanguard Group Inc. Acquires 12,747 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Vanguard Group Inc. increased its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.4% during the third quarter, Holdings Channel.com reports. The fund owned 945,578 shares of the industrial products company’s stock after purchasing an additional 12,747 shares during the quarter. Vanguard Group Inc. owned 0.06% of Hyster-Yale Materials Handling worth $42,154,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC increased its position in Hyster-Yale Materials Handling by 10.3% during the third quarter. Los Angeles Capital Management LLC now owns 39,453 shares of the industrial products company’s stock worth $1,759,000 after acquiring an additional 3,700 shares during the period. NBC Securities Inc. bought a new position in Hyster-Yale Materials Handling during the third quarter worth about $334,000. Assenagon Asset Management S.A. increased its position in Hyster-Yale Materials Handling by 63.1% during the third quarter. Assenagon Asset Management S.A. now owns 66,975 shares of the industrial products company’s stock worth $2,986,000 after acquiring an additional 25,901 shares during the period. FMR LLC increased its position in Hyster-Yale Materials Handling by 60.6% during the third quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock worth $26,262,000 after acquiring an additional 222,340 shares during the period. Finally, Valueworks LLC increased its position in Hyster-Yale Materials Handling by 74.9% during the third quarter. Valueworks LLC now owns 210,980 shares of the industrial products company’s stock worth $9,405,000 after acquiring an additional 90,355 shares during the period. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling Price Performance

HY stock opened at $65.21 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. Hyster-Yale Materials Handling, Inc. has a 12 month low of $38.50 and a 12 month high of $72.40. The firm has a market cap of $1.14 billion, a P/E ratio of 8.99 and a beta of 1.48. The company’s 50-day moving average price is $63.87 and its two-hundred day moving average price is $55.97.

Hyster-Yale Materials Handling (NYSE:HY) last released its 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 the consensus estimate of $1.02 billion. On average, analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 7.06 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.325 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.99%. Hyster-Yale Materials Handling’s payout ratio is currently 17.93%.

Insider Activity

In other news, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction that occurred 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 sale, 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 available at the SEC website. In other news, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction that occurred 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 sale, 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 available at 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 in the company, valued at $22,220,842.80. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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. TheStreet lowered shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a 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.