Hyster-Yale Materials Handling Inc (HY) Chairman Alfred M. Et Al Rankin Purchases 1,652 Shares

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 1,652 shares of the stock in a transaction dated Monday, November 19th. The stock was bought at an average cost of $63.79 per share, for a total transaction of $105,381.08. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

HY stock opened at $65.56 on Friday. Hyster-Yale Materials Handling Inc has a one year low of $56.40 and a one year high of $91.39. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.09 billion, a PE ratio of 16.15 and a beta of 1.17.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, October 30th. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.60 by $0.33. Hyster-Yale Materials Handling had a net margin of 1.07% and a return on equity of 7.86%. The firm had revenue of $782.90 million for the quarter, compared to the consensus estimate of $761.20 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, November 29th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 30.54%.

A number of institutional investors and hedge funds have recently made changes to their positions in HY. Matarin Capital Management LLC bought a new stake in Hyster-Yale Materials Handling in the third quarter worth $4,949,000. Diamond Hill Capital Management Inc. increased its position in Hyster-Yale Materials Handling by 28.6% in the second quarter. Diamond Hill Capital Management Inc. now owns 216,672 shares of the industrial products company’s stock worth $13,921,000 after purchasing an additional 48,193 shares during the last quarter. BlackRock Inc. increased its position in Hyster-Yale Materials Handling by 5.9% during the second quarter. BlackRock Inc. now owns 659,197 shares of the industrial products company’s stock valued at $42,353,000 after acquiring an additional 36,744 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hyster-Yale Materials Handling by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 950,676 shares of the industrial products company’s stock valued at $61,081,000 after acquiring an additional 34,490 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Hyster-Yale Materials Handling during the first quarter valued at $2,158,000. Institutional investors own 50.16% of the company’s stock.

Several equities analysts have recently commented on the stock. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Friday, September 21st. TheStreet raised shares of Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a report on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $76.00.

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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.

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