Equities researchers at Northland Securities began coverage on shares of Hyster-Yale Materials Handling (NYSE:HY – Get Free Report) in a note issued to investors on Wednesday, Briefing.com reports. The brokerage set an “outperform” rating and a $80.00 price target on the industrial products company’s stock. Northland Securities’ price target points to a potential upside of 72.94% from the company’s current price.
Separately, StockNews.com raised Hyster-Yale Materials Handling from a “buy” rating to a “strong-buy” rating in a report on Monday.
Hyster-Yale Materials Handling Stock Up 3.1 %
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of HY. Gamco Investors INC. ET AL lifted its position in shares of Hyster-Yale Materials Handling by 29.4% during 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 in the last quarter. FMR LLC lifted its holdings in Hyster-Yale Materials Handling by 60.6% during the third quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock valued at $26,262,000 after purchasing an additional 222,340 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Hyster-Yale Materials Handling by 3,385.5% in the second quarter. ProShare Advisors LLC now owns 156,393 shares of the industrial products company’s stock worth $8,733,000 after purchasing an additional 151,906 shares during the period. Valueworks LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the first quarter worth $5,970,000. Finally, Acadian Asset Management LLC raised its position in shares of Hyster-Yale Materials Handling by 933.1% during the 1st quarter. Acadian Asset Management LLC now owns 72,929 shares of the industrial products company’s stock valued at $3,633,000 after purchasing an additional 65,870 shares during the period. Hedge funds and other institutional investors own 44.25% of the company’s stock.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
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