Shares of Hyster-Yale Materials Handling Inc. (NYSE:HY) were up 6% during trading on Thursday following insider buying activity. The company traded as high as $52.06 and last traded at $51.39, with a volume of 78,416 shares traded. The stock had previously closed at $48.50.

Specifically, Chairman Alfred M. Et Al Rankin bought 9,381 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were purchased at an average price of $48.46 per share, for a total transaction of $454,603.26. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Clara L. T. Rankin bought 7,893 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was acquired at an average price of $48.46 per share, for a total transaction of $382,494.78. The disclosure for this purchase can be found here. 25.56% of the stock is owned by insiders.

Separately, Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd.

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The stock has a market cap of $840.44 million, a price-to-earnings ratio of 14.88 and a beta of 1.05. The company’s 50-day moving average is $52.91 and its 200-day moving average is $60.51.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The company earned $645.60 million during the quarter, compared to the consensus estimate of $632.33 million. During the same period in the previous year, the company earned $1.39 earnings per share. Hyster-Yale Materials Handling’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Hyster-Yale Materials Handling Inc. will post $2.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, August 30th. Hyster-Yale Materials Handling’s payout ratio is currently 34.20%.

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of 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 in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of 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. Schwab Charles Investment Management Inc. increased its position in shares of Hyster-Yale Materials Handling by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,572 shares of the company’s stock worth $3,425,000 after buying an additional 4,534 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of 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, AQR Capital Management LLC increased its position in shares of Hyster-Yale Materials Handling by 28.7% in the second quarter. AQR Capital Management LLC now owns 12,134 shares of the company’s stock worth $722,000 after buying an additional 2,704 shares in the last quarter. 70.59% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:HY

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