Hyster-Yale Materials Handling (NYSE:HY) Share Price Crosses Above 200 Day Moving Average of $53.32

Hyster-Yale Materials Handling Inc (NYSE:HY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $53.32 and traded as high as $59.56. Hyster-Yale Materials Handling shares last traded at $58.73, with a volume of 2,372 shares traded.

The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $987.13 million, a price-to-earnings ratio of 31.84 and a beta of 1.51. The stock’s 50 day moving average price is $54.85 and its two-hundred day moving average price is $53.48.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.04). Hyster-Yale Materials Handling had a net margin of 0.95% and a return on equity of 5.61%. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $857.90 million. During the same quarter last year, the business earned $0.93 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.317 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.27 annualized dividend and a dividend yield of 2.17%.

In other news, insider Theodore D. Taplin sold 1,018 shares of Hyster-Yale Materials Handling stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $56.79, for a total transaction of $57,812.22. Following the completion of the sale, the insider now directly owns 39,939 shares in the company, valued at $2,268,135.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 28.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in HY. Squarepoint Ops LLC grew its holdings in Hyster-Yale Materials Handling by 207.4% in the third quarter. Squarepoint Ops LLC now owns 32,282 shares of the industrial products company’s stock valued at $1,767,000 after purchasing an additional 21,782 shares during the period. California State Teachers Retirement System raised its position in shares of Hyster-Yale Materials Handling by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 15,766 shares of the industrial products company’s stock worth $863,000 after buying an additional 189 shares during the period. State Street Corp boosted its holdings in Hyster-Yale Materials Handling by 0.6% in the third quarter. State Street Corp now owns 217,801 shares of the industrial products company’s stock valued at $11,920,000 after acquiring an additional 1,277 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Hyster-Yale Materials Handling in the third quarter valued at $224,000. Finally, Russell Investments Group Ltd. grew its position in Hyster-Yale Materials Handling by 36.7% during the third quarter. Russell Investments Group Ltd. now owns 31,544 shares of the industrial products company’s stock valued at $1,726,000 after acquiring an additional 8,473 shares during the period. 43.90% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Company Profile (NYSE:HY)

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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