Hyster-Yale Materials Handling, Inc. (NYSE:HY) Stock Position Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,873 shares of the industrial products company’s stock after selling 1,584 shares during the quarter. Fisher Asset Management LLC’s holdings in Hyster-Yale Materials Handling were worth $2,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornercap Investment Counsel Inc. increased its stake in shares of Hyster-Yale Materials Handling by 0.8% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 21,398 shares of the industrial products company’s stock worth $1,331,000 after acquiring an additional 163 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter valued at about $61,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Hyster-Yale Materials Handling by 4.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,603 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 1,177 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in Hyster-Yale Materials Handling by 4.6% during the third quarter. Johnson Investment Counsel Inc. now owns 45,298 shares of the industrial products company’s stock valued at $2,019,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Strs Ohio grew its position in Hyster-Yale Materials Handling by 17.1% in the third quarter. Strs Ohio now owns 13,700 shares of the industrial products company’s stock worth $610,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HY shares. StockNews.com cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. TheStreet downgraded Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th.

Hyster-Yale Materials Handling Price Performance

NYSE HY opened at $72.90 on Thursday. Hyster-Yale Materials Handling, Inc. has a twelve month low of $38.50 and a twelve month high of $74.89. The stock has a 50-day simple moving average of $60.63 and a 200 day simple moving average of $58.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 1.22. The stock has a market capitalization of $1.28 billion, a PE ratio of 10.06 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY) last posted 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). Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 29th. Hyster-Yale Materials Handling’s payout ratio is presently 17.93%.

Insiders Place Their Bets

In other news, insider Frank F. Taplin sold 11,720 shares of the business’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 completion of the transaction, the insider now owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling 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 transaction, the insider now owns 378,872 shares of the company’s stock, valued at $22,220,842.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now directly 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. Company insiders own 33.93% of the company’s stock.

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.