Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY – Get Rating) by 86.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,532 shares of the industrial products company’s stock after buying an additional 165,140 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 2.11% of Hyster-Yale Materials Handling worth $11,840,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in HY. Gamco Investors INC. ET AL raised its holdings in Hyster-Yale Materials Handling by 29.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 989,969 shares of the industrial products company’s stock valued at $32,877,000 after buying an additional 225,115 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Hyster-Yale Materials Handling by 1,176.0% in the 4th quarter. JPMorgan Chase & Co. now owns 234,575 shares of the industrial products company’s stock valued at $9,640,000 after buying an additional 216,191 shares during the last quarter. McDonald Partners LLC bought a new position in Hyster-Yale Materials Handling in the 1st quarter valued at approximately $1,768,000. Fisher Asset Management LLC raised its holdings in Hyster-Yale Materials Handling by 109.4% in the 1st quarter. Fisher Asset Management LLC now owns 69,431 shares of the industrial products company’s stock valued at $2,306,000 after buying an additional 36,277 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Hyster-Yale Materials Handling by 18.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 165,358 shares of the industrial products company’s stock valued at $5,492,000 after buying an additional 26,097 shares during the last quarter. Institutional investors own 43.96% of the company’s stock.
Hyster-Yale Materials Handling Stock Up 0.6 %
Hyster-Yale Materials Handling stock opened at $29.40 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.51 and a current ratio of 1.11. Hyster-Yale Materials Handling, Inc. has a 52-week low of $27.39 and a 52-week high of $55.78. The firm has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $33.41. The firm has a market cap of $497.48 million, a price-to-earnings ratio of -2.20 and a beta of 1.05.
Hyster-Yale Materials Handling Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.322 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.29 annualized dividend and a yield of 4.38%. Hyster-Yale Materials Handling’s payout ratio is -9.66%.
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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