Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in Hyster-Yale Materials Handling Inc (NYSE:HY) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,354 shares of the industrial products company’s stock after selling 10,774 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.87% of Hyster-Yale Materials Handling worth $7,977,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in Hyster-Yale Materials Handling in the 2nd quarter valued at about $39,000. SG Americas Securities LLC acquired a new stake in Hyster-Yale Materials Handling in the 1st quarter valued at about $118,000. Bank of Montreal Can lifted its holdings in Hyster-Yale Materials Handling by 39.5% in the 2nd quarter. Bank of Montreal Can now owns 2,198 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 622 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Hyster-Yale Materials Handling by 201.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,327 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Hyster-Yale Materials Handling by 9.2% in the 1st quarter. Comerica Bank now owns 3,550 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 300 shares during the last quarter. 44.96% of the stock is owned by institutional investors.
In related news, insider Theodore D. Taplin sold 1,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $55.31, for a total value of $55,310.00. Following the transaction, the insider now owns 40,957 shares in the company, valued at $2,265,331.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victoire G. Rankin acquired 6,250 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of $49.74 per share, for a total transaction of $310,875.00. Following the acquisition, the insider now directly owns 18,844 shares of the company’s stock, valued at approximately $937,300.56. The disclosure for this purchase can be found here. Insiders purchased 24,062 shares of company stock worth $1,243,813 in the last 90 days. 28.60% of the stock is currently owned by corporate insiders.
Separately, Sidoti upped their price objective on shares of Hyster-Yale Materials Handling from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st.
NYSE HY opened at $61.33 on Thursday. The company has a 50 day simple moving average of $55.96 and a 200-day simple moving average of $57.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.71. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 33.78 and a beta of 1.48. Hyster-Yale Materials Handling Inc has a 52-week low of $43.26 and a 52-week high of $76.79.
Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.73. Hyster-Yale Materials Handling had a net margin of 1.02% and a return on equity of 4.99%. The business had revenue of $856.20 million during the quarter, compared to analyst estimates of $841.90 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.317 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.27 dividend on an annualized basis and a yield of 2.07%.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
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