GAMMA Investing LLC Grows Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

GAMMA Investing LLC lifted its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 2,751.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,637 shares of the industrial products company’s stock after acquiring an additional 9,299 shares during the period. GAMMA Investing LLC owned approximately 0.05% of Hyster-Yale Materials Handling worth $4,000,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HY. Dimensional Fund Advisors LP boosted its stake in Hyster-Yale Materials Handling by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 515,809 shares of the industrial products company’s stock valued at $26,270,000 after buying an additional 5,366 shares during the period. American Century Companies Inc. lifted its stake in Hyster-Yale Materials Handling by 15.8% during the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock worth $14,002,000 after purchasing an additional 37,432 shares during the last quarter. ProShare Advisors LLC lifted its stake in Hyster-Yale Materials Handling by 16.0% during the fourth quarter. ProShare Advisors LLC now owns 144,433 shares of the industrial products company’s stock worth $7,356,000 after purchasing an additional 19,975 shares during the last quarter. Northern Trust Corp lifted its stake in Hyster-Yale Materials Handling by 5.1% during the fourth quarter. Northern Trust Corp now owns 114,787 shares of the industrial products company’s stock worth $5,846,000 after purchasing an additional 5,572 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Hyster-Yale Materials Handling by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company’s stock worth $5,562,000 after purchasing an additional 2,446 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Hyster-Yale Materials Handling Stock Up 0.1%

Shares of NYSE:HY opened at $42.01 on Wednesday. Hyster-Yale Materials Handling, Inc. has a 1 year low of $34.13 and a 1 year high of $84.44. The company has a market cap of $743.95 million, a PE ratio of 4.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The stock’s 50-day moving average is $39.76 and its 200 day moving average is $46.89.

Hyster-Yale Materials Handling (NYSE:HY) last posted 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 return on equity of 34.77% and a net margin of 3.68%. The firm had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. Sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.36 dividend. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, May 30th. Hyster-Yale Materials Handling’s payout ratio is currently 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.