Insider Buying: Hyster-Yale Materials Handling Inc. (HY) Chairman Purchases 669 Shares of Stock
Hyster-Yale Materials Handling Inc. (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 669 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The stock was acquired at an average cost of $61.34 per share, for a total transaction of $41,036.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Hyster-Yale Materials Handling Inc. (NYSE:HY) traded down 2.07% during midday trading on Friday, reaching $58.56. 134,510 shares of the company’s stock were exchanged. The firm has a market capitalization of $959.56 million, a price-to-earnings ratio of 16.98 and a beta of 1.01. Hyster-Yale Materials Handling Inc. has a 52 week low of $44.41 and a 52 week high of $70.19. The firm’s 50 day moving average is $53.25 and its 200 day moving average is $60.09.
Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Monday, August 8th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. The firm earned $645.60 million during the quarter, compared to the consensus estimate of $632.33 million. Hyster-Yale Materials Handling had a return on equity of 12.03% and a net margin of 2.21%. The business’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 firm posted $1.39 earnings per share. On average, equities analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.04 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.18 annualized dividend and a dividend yield of 2.02%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 34.20%.
Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in Hyster-Yale Materials Handling during the second quarter valued at about $133,000. Acadian Asset Management LLC increased its position 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 valued at $179,000 after buying an additional 1,310 shares during the period. BlackRock Inc. increased its position in Hyster-Yale Materials Handling by 242.2% in the second quarter. BlackRock Inc. now owns 3,114 shares of the company’s stock valued at $184,000 after buying an additional 2,204 shares during the period. Royal Bank of Canada increased its position 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 valued at $209,000 after buying an additional 3,313 shares during the period. Finally, Citadel Advisors LLC bought a new position in Hyster-Yale Materials Handling during the second quarter valued at about $301,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.
A number of research firms recently issued reports on HY. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.00.
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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