Federated Hermes Inc. Buys 36,758 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Federated Hermes Inc. raised its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 38.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,538 shares of the industrial products company’s stock after purchasing an additional 36,758 shares during the period. Federated Hermes Inc.’s holdings in Hyster-Yale Materials Handling were worth $8,180,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HY. FMR LLC raised its position in shares of Hyster-Yale Materials Handling by 60.6% in the 3rd 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 in the last quarter. Valueworks LLC raised its position in shares of Hyster-Yale Materials Handling by 74.9% in the 3rd 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 in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Hyster-Yale Materials Handling by 86.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 124,733 shares of the industrial products company’s stock worth $7,757,000 after acquiring an additional 57,758 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $42,154,000 after acquiring an additional 12,747 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Hyster-Yale Materials Handling by 214.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 17,446 shares of the industrial products company’s stock worth $778,000 after acquiring an additional 11,901 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Insider Activity

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.65, for a total transaction of $293,250.00. Following the completion of the transaction, the insider now owns 378,872 shares in the company, valued at approximately $22,220,842.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.65, for a total transaction of $293,250.00. Following the completion of the transaction, the insider now owns 378,872 shares in the company, valued at approximately $22,220,842.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider now owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on HY. StockNews.com lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. TheStreet lowered Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research report on Monday, March 4th.

Hyster-Yale Materials Handling Stock Performance

Shares of HY opened at $60.74 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.55. The stock has a 50-day moving average of $62.27 and a 200-day moving average of $57.22. The company has a market cap of $1.06 billion, a PE ratio of 8.38 and a beta of 1.48. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $72.40.

Hyster-Yale Materials Handling (NYSE:HY) last issued 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). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Hyster-Yale Materials Handling had a net margin of 3.06% and a return on equity of 40.35%. On average, equities research 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 company also recently announced 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 was Thursday, February 29th. This represents a $1.30 annualized dividend and a dividend yield of 2.14%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 17.93%.

About Hyster-Yale Materials Handling

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.