Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HYFree Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,261 shares of the industrial products company’s stock after selling 14,928 shares during the period. Dimensional Fund Advisors LP owned about 2.92% of Hyster-Yale Materials Handling worth $31,236,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HY. Vanguard Group Inc. boosted its position in Hyster-Yale Materials Handling by 1.4% during the third 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 last quarter. FMR LLC grew its position in shares of Hyster-Yale Materials Handling by 60.6% in the third quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock valued at $26,262,000 after purchasing an additional 222,340 shares during the period. Valueworks LLC increased its stake in Hyster-Yale Materials Handling by 74.9% in the third quarter. Valueworks LLC now owns 210,980 shares of the industrial products company’s stock valued at $9,405,000 after purchasing an additional 90,355 shares during the last quarter. Federated Hermes Inc. lifted its position in Hyster-Yale Materials Handling by 38.8% during the fourth quarter. Federated Hermes Inc. now owns 131,538 shares of the industrial products company’s stock worth $8,180,000 after buying an additional 36,758 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in 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 buying an additional 57,758 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on HY. TheStreet lowered shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research report on Monday, March 4th. StockNews.com cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Roth Mkm reissued a “buy” rating and set a $87.00 price target (up previously from $85.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, May 9th. Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Friday, May 10th. Finally, Northland Securities reiterated a “market perform” rating and set a $90.00 target price (up previously from $80.00) on shares of Hyster-Yale Materials Handling in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Get Our Latest Research Report on HY

Hyster-Yale Materials Handling Trading Down 1.1 %

NYSE HY opened at $72.59 on Friday. The firm has a market capitalization of $1.27 billion, a PE ratio of 8.41 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $79.66. The company has a 50-day simple moving average of $66.28 and a 200-day simple moving average of $62.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.56 and a current ratio of 1.25.

Hyster-Yale Materials Handling (NYSE:HYGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.79. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. On average, equities analysts forecast that Hyster-Yale Materials Handling, Inc. will post 7.68 earnings per share for the current year.

Hyster-Yale Materials Handling Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.35 dividend. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 31st. This represents a $1.40 annualized dividend and a yield of 1.93%. Hyster-Yale Materials Handling’s dividend payout ratio is 15.06%.

Insider Activity

In related news, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 33.93% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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