Insider Buying: Hyster-Yale Materials Handling Inc (HY) Chairman Acquires $100,297.68 in Stock

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 1,578 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average cost of $63.56 per share, with a total value of $100,297.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of HY opened at $61.64 on Friday. Hyster-Yale Materials Handling Inc has a 1-year low of $56.40 and a 1-year high of $91.39. The firm has a market capitalization of $1.02 billion, a P/E ratio of 21.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 0.83.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.24 dividend on an annualized basis and a yield of 2.01%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 30.54%.

A number of brokerages recently weighed in on HY. TheStreet raised shares of Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a research report on Wednesday, October 31st. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $76.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc increased its stake in Hyster-Yale Materials Handling by 9.6% in the third quarter. Vanguard Group Inc now owns 837,343 shares of the industrial products company’s stock valued at $51,522,000 after purchasing an additional 73,639 shares during the period. Federated Investors Inc. PA increased its stake in Hyster-Yale Materials Handling by 30.0% in the third quarter. Federated Investors Inc. PA now owns 83,926 shares of the industrial products company’s stock valued at $5,165,000 after purchasing an additional 19,372 shares during the period. Vanguard Group Inc. increased its stake in Hyster-Yale Materials Handling by 9.6% in the third quarter. Vanguard Group Inc. now owns 837,343 shares of the industrial products company’s stock valued at $51,522,000 after purchasing an additional 73,639 shares during the period. Morgan Stanley increased its stake in Hyster-Yale Materials Handling by 24.2% in the third quarter. Morgan Stanley now owns 41,357 shares of the industrial products company’s stock valued at $2,545,000 after purchasing an additional 8,055 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Hyster-Yale Materials Handling by 3.8% in the third quarter. TIAA CREF Investment Management LLC now owns 48,903 shares of the industrial products company’s stock valued at $3,009,000 after purchasing an additional 1,775 shares during the period. Institutional investors own 49.92% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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