Nuveen Asset Management LLC Has $1.55 Million Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Nuveen Asset Management LLC reduced its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,385 shares of the industrial products company’s stock after selling 829 shares during the quarter. Nuveen Asset Management LLC owned about 0.17% of Hyster-Yale Materials Handling worth $1,548,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in Hyster-Yale Materials Handling by 421.8% during the fourth 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 in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $76,000. US Bancorp DE raised its stake 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 acquiring an additional 389 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Hyster-Yale Materials Handling by 164.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Hyster-Yale Materials Handling by 17.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 448 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Hyster-Yale Materials Handling Price Performance

HY opened at $41.45 on Wednesday. The company has a fifty day moving average price of $39.70 and a two-hundred day moving average price of $47.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. Hyster-Yale Materials Handling, Inc. has a 52 week low of $34.13 and a 52 week high of $84.44. The firm has a market capitalization of $733.98 million, a PE ratio of 4.65 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $910.40 million during the quarter, compared to analyst estimates of $947.80 million. As a group, analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.36 dividend. This is a positive change 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 annualized dividend and a dividend yield of 3.47%. Hyster-Yale Materials Handling’s payout ratio is 25.67%.

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.