Invesco Ltd. Trims Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Invesco Ltd. trimmed its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,401 shares of the industrial products company’s stock after selling 1,308 shares during the quarter. Invesco Ltd. owned 0.17% of Hyster-Yale Materials Handling worth $1,548,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in Hyster-Yale Materials Handling in the fourth quarter valued at $543,000. Foundry Partners LLC boosted its stake in shares of Hyster-Yale Materials Handling by 6.3% during the 4th quarter. Foundry Partners LLC now owns 78,185 shares of the industrial products company’s stock worth $3,982,000 after acquiring an additional 4,660 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth about $314,000. Meeder Asset Management Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 421.8% during 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 worth $3,220,000 after acquiring an additional 39,415 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Monday.

Hyster-Yale Materials Handling Stock Down 1.8 %

HY opened at $38.47 on Thursday. 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 quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $42.32 and a 200 day moving average price of $50.83. The company has a market cap of $680.80 million, a PE ratio of 4.32 and a beta of 1.32.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. 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 3.64%. Hyster-Yale Materials Handling’s payout ratio is 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.