SG Americas Securities LLC Makes New $151,000 Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

SG Americas Securities LLC acquired a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,433 shares of the industrial products company’s stock, valued at approximately $151,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HY. Los Angeles Capital Management LLC grew its stake in Hyster-Yale Materials Handling by 10.3% in the 3rd 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 in the last quarter. NBC Securities Inc. acquired a new position in shares of Hyster-Yale Materials Handling in the 3rd quarter valued at $334,000. Assenagon Asset Management S.A. increased its holdings in Hyster-Yale Materials Handling by 63.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 66,975 shares of the industrial products company’s stock worth $2,986,000 after buying an additional 25,901 shares during the period. FMR LLC grew its position in Hyster-Yale Materials Handling by 60.6% during the 3rd quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock worth $26,262,000 after purchasing an additional 222,340 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Hyster-Yale Materials Handling by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 945,578 shares of the industrial products company’s stock valued at $42,154,000 after purchasing an additional 12,747 shares during the period. Institutional investors own 46.47% of the company’s stock.

Insider Activity

In other news, insider Frank F. Taplin sold 11,720 shares of the 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 completion of the sale, the insider now owns 367,152 shares in the company, valued at $21,331,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction dated 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 owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank F. Taplin sold 5,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $22,220,842.80. The disclosure for this sale can be found here. Company insiders own 33.93% of the company’s stock.

Hyster-Yale Materials Handling Trading Down 0.3 %

NYSE HY opened at $60.67 on Wednesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 8.37 and a beta of 1.48. The firm has a 50 day simple moving average of $63.48 and a 200-day simple moving average of $56.52. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $72.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 1.22.

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

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, February 29th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 17.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HY. 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 downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th.

Hyster-Yale Materials Handling 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.