Hyster-Yale Materials Handling (NYSE:HY) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Hyster-Yale Materials Handling (NYSE:HY) from a hold rating to a buy rating in a research note published on Monday.

Hyster-Yale Materials Handling Price Performance

Hyster-Yale Materials Handling stock opened at $38.60 on Monday. Hyster-Yale Materials Handling has a 52-week low of $34.13 and a 52-week high of $84.44. The firm has a market capitalization of $683.10 million, a price-to-earnings ratio of 4.33 and a beta of 1.32. The company has a fifty day simple moving average of $42.88 and a 200-day simple moving average of $51.00. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s payout ratio is 17.37%.

Institutional Investors Weigh In On Hyster-Yale Materials Handling

Large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hyster-Yale Materials Handling during the fourth quarter worth $27,000. Mattson Financial Services LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter valued at about $36,000. Meeder Asset Management Inc. grew its holdings in shares of Hyster-Yale Materials Handling by 421.8% in the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 599 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter valued at about $76,000. Finally, US Bancorp DE grew its holdings in shares of Hyster-Yale Materials Handling by 29.1% in the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 389 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.