Hyster-Yale Materials Handling (NYSE:HY) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Hyster-Yale Materials Handling (NYSE:HY – Get Rating) in a report released on Thursday. The brokerage set a “strong-buy” rating on the industrial products company’s stock.

Separately, EF Hutton Acquisition Co. I restated a “buy” rating and set a $75.00 price target on shares of Hyster-Yale Materials Handling in a research note on Wednesday, March 1st.

Hyster-Yale Materials Handling Stock Performance

Hyster-Yale Materials Handling stock opened at $43.33 on Thursday. The firm has a market capitalization of $743.50 million, a P/E ratio of -9.87 and a beta of 1.26. The stock has a fifty day moving average price of $34.47 and a 200 day moving average price of $30.12. Hyster-Yale Materials Handling has a 52 week low of $20.99 and a 52 week high of $48.80. The company has a current ratio of 1.09, a quick ratio of 0.49 and a debt-to-equity ratio of 1.27.

Insider Activity

In other news, insider Martha S. Kelly sold 1,500 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $45.72, for a total value of $68,580.00. Following the completion of the sale, the insider now owns 8,500 shares in the company, valued at $388,620. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 18.05% of the company’s stock.

Institutional Investors Weigh In On Hyster-Yale Materials Handling

A number of large investors have recently modified their holdings of HY. Advisor Group Holdings Inc. grew its stake in shares of Hyster-Yale Materials Handling by 823.5% in the first quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. Swiss National Bank boosted its holdings in Hyster-Yale Materials Handling by 7.6% in the first quarter. Swiss National Bank now owns 16,900 shares of the industrial products company’s stock valued at $561,000 after purchasing an additional 1,200 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Hyster-Yale Materials Handling in the first quarter valued at about $418,000. MetLife Investment Management LLC boosted its holdings in Hyster-Yale Materials Handling by 53.7% in the first quarter. MetLife Investment Management LLC now owns 5,807 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 2,030 shares during the last quarter. Finally, Ergoteles LLC purchased a new position in Hyster-Yale Materials Handling in the first quarter valued at about $239,000. Institutional investors and hedge funds own 42.57% of the company’s stock.

About Hyster-Yale Materials Handling

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Hyster-Yale Materials Handling, Inc engages in the manufacture of lift trucks. The firm provides an array of solutions aimed at meeting the specific materials handling needs of its customers including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, and a variety of other power options for its lift trucks.