Tower Research Capital LLC TRC Raises Stock Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Tower Research Capital LLC TRC lifted its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,018 shares of the industrial products company’s stock after acquiring an additional 448 shares during the period. Tower Research Capital LLC TRC’s holdings in Hyster-Yale Materials Handling were worth $154,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Trust Advisors LP purchased a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter valued at about $3,265,000. JPMorgan Chase & Co. increased its position in Hyster-Yale Materials Handling by 165.5% in 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 period. American Century Companies Inc. raised its stake in Hyster-Yale Materials Handling by 15.8% during the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock valued at $14,002,000 after acquiring an additional 37,432 shares during the last quarter. Renaissance Technologies LLC lifted its position in Hyster-Yale Materials Handling by 76.3% during the 4th quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company’s stock worth $4,120,000 after acquiring an additional 35,000 shares during the period. Finally, Brightline Capital Management LLC purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at approximately $1,528,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Stock Performance

Shares of HY stock opened at $40.72 on Wednesday. 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 stock has a 50 day simple moving average of $41.34 and a 200-day simple moving average of $49.95. The company has a market cap of $720.53 million, a price-to-earnings ratio of 4.57 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently disclosed 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 3.44%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 17.37%.

Analyst Ratings Changes

Separately, StockNews.com raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Monday, April 28th.

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.