Russell Investments Group Ltd. Sells 16,045 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Russell Investments Group Ltd. reduced its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 66.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,200 shares of the industrial products company’s stock after selling 16,045 shares during the period. Russell Investments Group Ltd.’s holdings in Hyster-Yale Materials Handling were worth $418,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Hyster-Yale Materials Handling by 165.5% during the 4th quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company’s stock valued at $3,220,000 after acquiring an additional 39,415 shares during the last quarter. American Century Companies Inc. raised its position in Hyster-Yale Materials Handling by 15.8% in the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock worth $14,002,000 after purchasing an additional 37,432 shares during the period. Empowered Funds LLC bought a new position in shares of Hyster-Yale Materials Handling during the fourth quarter valued at about $1,243,000. Dynamic Technology Lab Private Ltd bought a new stake in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $543,000. Finally, A&I Financial Services LLC bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $492,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hyster-Yale Materials Handling Stock Up 1.2 %

NYSE:HY opened at $38.37 on Thursday. Hyster-Yale Materials Handling, Inc. has a 1-year low of $34.13 and a 1-year high of $84.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The firm’s 50-day moving average price is $43.76 and its 200-day moving average price is $51.79. The company has a market capitalization of $679.03 million, a PE ratio of 4.31 and a beta of 1.32.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.65%. Hyster-Yale Materials Handling’s payout ratio is currently 17.37%.

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.