Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $700,000 Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HYGet Rating) by 9.6% in the 3rd quarter, Holdings Channel reports. The firm owned 32,539 shares of the industrial products company’s stock after selling 3,452 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Hyster-Yale Materials Handling were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its holdings in shares of Hyster-Yale Materials Handling by 1.7% during the second quarter. Gamco Investors INC. ET AL now owns 1,005,568 shares of the industrial products company’s stock worth $32,399,000 after buying an additional 16,999 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 1.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 262,546 shares of the industrial products company’s stock worth $8,719,000 after buying an additional 4,146 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 18.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 165,358 shares of the industrial products company’s stock worth $5,492,000 after buying an additional 26,097 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 60.0% during the second quarter. Goldman Sachs Group Inc. now owns 135,734 shares of the industrial products company’s stock worth $4,374,000 after buying an additional 50,901 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Hyster-Yale Materials Handling by 15.9% during the second quarter. Assenagon Asset Management S.A. now owns 79,334 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 10,899 shares in the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Stock Performance

NYSE HY opened at $31.22 on Friday. The company has a market capitalization of $528.84 million, a price-to-earnings ratio of -2.85 and a beta of 1.25. Hyster-Yale Materials Handling, Inc. has a twelve month low of $20.99 and a twelve month high of $45.39. The stock has a fifty day simple moving average of $29.03 and a 200 day simple moving average of $29.44. The company has a quick ratio of 0.46, a current ratio of 1.05 and a debt-to-equity ratio of 2.24.

Hyster-Yale Materials Handling (NYSE:HYGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The industrial products company reported ($2.20) earnings per share for the quarter. The company had revenue of $840.10 million during the quarter. Hyster-Yale Materials Handling had a negative net margin of 5.45% and a negative return on equity of 48.67%.

Hyster-Yale Materials Handling Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $0.322 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $1.29 dividend on an annualized basis and a yield of 4.13%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently -11.76%.

Analyst Ratings Changes

A number of analysts recently weighed in on HY shares. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, October 12th. StockNews.com upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Monday, November 14th.

Hyster-Yale Materials Handling Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding HY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyster-Yale Materials Handling, Inc. (NYSE:HYGet Rating).

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.