Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 255,322 shares of the industrial products company’s stock after selling 548 shares during the period. Geode Capital Management LLC owned 1.46% of Hyster-Yale Materials Handling worth $13,007,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its stake in Hyster-Yale Materials Handling by 421.8% in the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $76,000. US Bancorp DE increased its holdings in Hyster-Yale Materials Handling by 29.1% in the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock worth $88,000 after buying an additional 389 shares during the period. Quantbot Technologies LP lifted its stake in Hyster-Yale Materials Handling by 1,613.2% during the 4th quarter. Quantbot Technologies LP now owns 3,238 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 3,049 shares during the period. Finally, Amundi boosted its holdings in shares of Hyster-Yale Materials Handling by 111.6% in the 4th quarter. Amundi now owns 4,400 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 2,321 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Trading Down 2.7 %

Shares of NYSE:HY opened at $37.22 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44. The business has a 50 day moving average of $44.34 and a two-hundred day moving average of $51.98. The company has a market capitalization of $658.68 million, a PE ratio of 4.18 and a beta of 1.32.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

Hyster-Yale Materials Handling Company 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.