Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 3,159 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was purchased at an average price of $53.84 per share, for a total transaction of $170,080.56. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
HY opened at $54.49 on Friday. The firm has a market cap of $889.21 million, a PE ratio of 49.90 and a beta of 1.43. The company has a current ratio of 1.38, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $50.48. Hyster-Yale Materials Handling Inc has a 1-year low of $43.26 and a 1-year high of $76.79.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.14. The business had revenue of $834.80 million for the quarter, compared to analysts’ expectations of $833.70 million. Hyster-Yale Materials Handling had a return on equity of 3.09% and a net margin of 0.72%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS.
HY has been the topic of a number of research reports. TheStreet upgraded United States Lime & Minerals from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. Sidoti cut Universal Electronics from a “buy” rating to a “neutral” rating in a report on Monday, June 3rd.
A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Hyster-Yale Materials Handling by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 991,155 shares of the industrial products company’s stock valued at $61,412,000 after buying an additional 16,705 shares during the last quarter. BlackRock Inc. grew its holdings in Hyster-Yale Materials Handling by 2.6% during the 4th quarter. BlackRock Inc. now owns 685,947 shares of the industrial products company’s stock valued at $42,501,000 after buying an additional 17,447 shares during the last quarter. Norges Bank acquired a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $9,489,000. Geode Capital Management LLC grew its holdings in Hyster-Yale Materials Handling by 16.8% during the 4th quarter. Geode Capital Management LLC now owns 134,313 shares of the industrial products company’s stock valued at $8,322,000 after buying an additional 19,331 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Hyster-Yale Materials Handling by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 99,425 shares of the industrial products company’s stock valued at $6,160,000 after buying an additional 4,689 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
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