Hyster-Yale Materials Handling Inc (NYSE:HY) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.

Several other analysts have also recently commented on the company. Zacks Investment Research cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research report on Friday, May 12th. Robert W. Baird upgraded Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $62.00 to $84.00 in a research report on Tuesday, May 2nd. Finally, Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 price target for the company in a research report on Thursday, April 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and a consensus target price of $74.75.

Hyster-Yale Materials Handling (NYSE:HY) traded up 6.98% on Tuesday, hitting $68.99. The stock had a trading volume of 49,751 shares. The company has a market cap of $1.14 billion, a PE ratio of 19.27 and a beta of 1.05. Hyster-Yale Materials Handling has a 12 month low of $47.25 and a 12 month high of $76.50. The company has a 50-day moving average of $71.81 and a 200 day moving average of $65.51.

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In other Hyster-Yale Materials Handling news, insider Cory Freyer sold 3,128 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $74.81, for a total transaction of $234,005.68. Following the transaction, the insider now owns 8,000 shares of the company’s stock, valued at $598,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank F. Taplin sold 1,400 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $73.93, for a total value of $103,502.00. The disclosure for this sale can be found here. Insiders own 26.34% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HY. Norges Bank bought a new position in Hyster-Yale Materials Handling during the fourth quarter worth $9,101,000. Federated Investors Inc. PA raised its position in shares of Hyster-Yale Materials Handling by 2,279,500.0% in the second quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock valued at $4,805,000 after buying an additional 68,385 shares during the period. New Amsterdam Partners LLC NY acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter valued at approximately $4,402,000. Mutual of America Capital Management LLC acquired a new position in shares of Hyster-Yale Materials Handling during the first quarter valued at approximately $3,018,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Hyster-Yale Materials Handling by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 908,970 shares of the industrial products company’s stock valued at $51,256,000 after buying an additional 37,588 shares during the period. 67.80% of the stock is currently owned by institutional investors.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

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