Hyster-Yale Materials Handling Inc. (HY) Insider Buys $382,494.78 in Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) insider Clara L. T. Rankin purchased 7,893 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were purchased at an average cost of $48.46 per share, with a total value of $382,494.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Hyster-Yale Materials Handling Inc. (NYSE:HY) traded up 0.35% during midday trading on Wednesday, hitting $48.50. The stock had a trading volume of 66,384 shares. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19. The firm has a market cap of $794.72 million, a P/E ratio of 14.07 and a beta of 1.05. The stock has a 50-day moving average of $52.91 and a 200-day moving average of $60.51.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.34. The company earned $645.60 million during the quarter, compared to the consensus estimate of $632.33 million. Hyster-Yale Materials Handling had a net margin of 2.21% and a return on equity of 12.03%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. Analysts forecast that Hyster-Yale Materials Handling Inc. will post $2.77 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a yield of 2.43%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 34.20%.
Separately, Zacks Investment Research downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th.
A number of large investors have recently added to or reduced their stakes in HY. Los Angeles Capital Management & Equity Research Inc. increased its stake in Hyster-Yale Materials Handling by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,157 shares of the company’s stock worth $343,000 after buying an additional 25 shares in the last quarter. Synovus Financial Corp increased its stake in Hyster-Yale Materials Handling by 0.8% in the second quarter. Synovus Financial Corp now owns 20,952 shares of the company’s stock worth $1,246,000 after buying an additional 164 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Hyster-Yale Materials Handling by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 20,948 shares of the company’s stock worth $1,246,000 after buying an additional 173 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Hyster-Yale Materials Handling by 3.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,179 shares of the company’s stock worth $427,000 after buying an additional 207 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in Hyster-Yale Materials Handling by 1.3% in the second quarter. BlackRock Advisors LLC now owns 19,025 shares of the company’s stock worth $1,132,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems.
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