Deutsche Bank AG Raises Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Deutsche Bank AG raised its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,208 shares of the industrial products company’s stock after buying an additional 3,271 shares during the period. Deutsche Bank AG owned about 0.25% of Hyster-Yale Materials Handling worth $2,252,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HY. Meeder Asset Management Inc. grew its position in shares of Hyster-Yale Materials Handling by 421.8% in the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock worth $38,000 after buying an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Hyster-Yale Materials Handling during the 4th quarter valued at $76,000. US Bancorp DE raised its holdings in Hyster-Yale Materials Handling by 29.1% in the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 389 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Hyster-Yale Materials Handling by 164.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,535 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Hyster-Yale Materials Handling by 17.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 448 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Price Performance

Shares of HY stock opened at $40.50 on Friday. The business’s fifty day moving average is $40.47 and its 200 day moving average is $48.15. 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 stock has a market cap of $717.21 million, a price-to-earnings ratio of 4.55 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a twelve month low of $34.13 and a twelve month high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. The firm had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. Research analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.36 per share. This is an increase from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.56%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 25.67%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th.

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.