JPMorgan Chase & Co. Grows Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

JPMorgan Chase & Co. increased its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 165.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,231 shares of the industrial products company’s stock after purchasing an additional 39,415 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of Hyster-Yale Materials Handling worth $3,220,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HY. Barclays PLC boosted its position in shares of Hyster-Yale Materials Handling by 19.0% in the 3rd quarter. Barclays PLC now owns 26,492 shares of the industrial products company’s stock valued at $1,690,000 after purchasing an additional 4,226 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 0.7% in the third quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company’s stock valued at $16,320,000 after acquiring an additional 1,658 shares during the period. Franklin Resources Inc. grew its position in shares of Hyster-Yale Materials Handling by 4.7% during the third quarter. Franklin Resources Inc. now owns 18,680 shares of the industrial products company’s stock worth $1,260,000 after acquiring an additional 845 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Hyster-Yale Materials Handling in the 3rd quarter valued at $582,000. Finally, Empowered Funds LLC acquired a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $1,243,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Trading Down 2.7 %

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

Hyster-Yale Materials Handling Dividend Announcement

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

About Hyster-Yale Materials Handling

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.