Hyster-Yale Materials Handling Inc. (HY) Chairman Alfred M. Et Al Rankin Acquires 9,381 Shares
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 9,381 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was purchased at an average price of $48.46 per share, with a total value of $454,603.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) opened at 48.50 on Thursday. The company has a 50-day moving average price of $52.91 and a 200-day moving average price of $60.51. Hyster-Yale Materials Handling Inc. has a 12 month low of $44.41 and a 12 month high of $70.19. The firm has a market capitalization of $794.72 million, a price-to-earnings ratio of 14.07 and a beta of 1.05.
Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Monday, August 8th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.34. The company had revenue of $645.60 million for 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 business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.43%. Hyster-Yale Materials Handling’s payout ratio is 34.20%.
Separately, Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st.
Several hedge funds have recently added to or reduced their stakes in HY. Bank of Montreal Can bought a new stake in Hyster-Yale Materials Handling during the second quarter worth $133,000. Acadian Asset Management LLC increased its stake in Hyster-Yale Materials Handling by 77.4% in the second quarter. Acadian Asset Management LLC now owns 3,002 shares of the company’s stock worth $179,000 after buying an additional 1,310 shares during the last quarter. BlackRock Inc. increased its stake in Hyster-Yale Materials Handling by 242.2% in the second quarter. BlackRock Inc. now owns 3,114 shares of the company’s stock worth $184,000 after buying an additional 2,204 shares during the last quarter. Royal Bank of Canada increased its stake in Hyster-Yale Materials Handling by 1,624.0% in the second quarter. Royal Bank of Canada now owns 3,517 shares of the company’s stock worth $209,000 after buying an additional 3,313 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Hyster-Yale Materials Handling during the second quarter worth $301,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.
About Hyster-Yale Materials Handling
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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