Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 3,469 shares of Hyster-Yale Materials Handling stock in a transaction on Monday, October 22nd. The stock was acquired at an average price of $61.92 per share, for a total transaction of $214,800.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of HY traded down $1.59 during midday trading on Tuesday, reaching $60.17. 55,300 shares of the stock were exchanged, compared to its average volume of 44,172. Hyster-Yale Materials Handling Inc has a 52 week low of $56.40 and a 52 week high of $93.90. The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $988.50 million, a price-to-earnings ratio of 14.82 and a beta of 1.17.
Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Hyster-Yale Materials Handling had a return on equity of 8.26% and a net margin of 1.14%. The firm had revenue of $765.60 million for the quarter, compared to the consensus estimate of $797.00 million. During the same period in the previous year, the company posted $0.85 EPS. Hyster-Yale Materials Handling’s quarterly revenue was up 11.7% compared to the same quarter last year.
A number of equities analysts have recently issued reports on the company. TheStreet downgraded Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research report on Friday, August 3rd. ValuEngine raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Finally, Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Four analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling has an average rating of “Hold” and an average price target of $66.00.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
Further Reading: How Short Selling Works
Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.