Renaissance Technologies LLC Purchases 3,700 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Renaissance Technologies LLC increased its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 8.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 50,100 shares of the industrial products company’s stock after purchasing an additional 3,700 shares during the period. Renaissance Technologies LLC owned 0.29% of Hyster-Yale Materials Handling worth $3,493,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in Hyster-Yale Materials Handling in the 1st quarter valued at about $27,000. Quest Partners LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 6,692.3% in the 2nd quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 870 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Hyster-Yale Materials Handling by 67.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 548 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Hyster-Yale Materials Handling during the 1st quarter worth $190,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth $194,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HY. Northland Capmk cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Roth Mkm restated a “buy” rating and issued a $84.00 target price (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. Northland Securities upgraded Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Wednesday, June 5th. Finally, StockNews.com raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hyster-Yale Materials Handling presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Hyster-Yale Materials Handling Price Performance

Hyster-Yale Materials Handling stock opened at $63.73 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $84.44. The firm has a market capitalization of $1.11 billion, a P/E ratio of 7.38 and a beta of 1.31. The business has a fifty day moving average price of $64.13 and a 200-day moving average price of $66.26.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, topping the consensus estimate of $2.28 by $1.30. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. During the same quarter in the prior year, the firm posted $2.21 earnings per share. As a group, equities research analysts forecast that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.20%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 16.22%.

Hyster-Yale Materials Handling Profile

Hyster-Yale, 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.