Strs Ohio Has $715,000 Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Strs Ohio decreased its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,500 shares of the industrial products company’s stock after selling 2,200 shares during the quarter. Strs Ohio’s holdings in Hyster-Yale Materials Handling were worth $715,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 1.4% during 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 during the period. FMR LLC boosted its stake in shares of 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 acquiring an additional 222,340 shares during the period. Valueworks LLC boosted its stake in shares of Hyster-Yale Materials Handling by 74.9% during 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 during the period. Assenagon Asset Management S.A. boosted its stake in shares of Hyster-Yale Materials Handling by 86.2% during 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 during the period. Finally, Mcdonald Partners LLC boosted its stake in shares of Hyster-Yale Materials Handling by 18.7% during the 3rd quarter. Mcdonald Partners LLC now owns 47,144 shares of the industrial products company’s stock worth $2,102,000 after acquiring an additional 7,433 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TheStreet downgraded Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th. StockNews.com downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th.

Hyster-Yale Materials Handling Stock Performance

HY opened at $60.05 on Friday. The business has a fifty day simple moving average of $62.03 and a 200 day simple moving average of $57.24. The company has a market capitalization of $1.05 billion, a PE ratio of 8.28 and a beta of 1.48. Hyster-Yale Materials Handling, Inc. has a 1 year low of $38.50 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.55.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.02 billion. Hyster-Yale Materials Handling had a net margin of 3.06% and a return on equity of 40.35%. Research analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 yield of 2.16%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.93%.

Insider Activity at Hyster-Yale Materials Handling

In related news, insider Frank F. Taplin sold 11,720 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Frank F. Taplin sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 378,872 shares in the company, valued at approximately $22,220,842.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank F. Taplin sold 11,720 shares of the company’s stock in a transaction 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 owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by corporate insiders.

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.