Gamco Investors INC. ET AL lessened its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY – Free Report) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,037,390 shares of the industrial products company’s stock after selling 20,491 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.06% of Hyster-Yale Materials Handling worth $57,928,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of HY. Advisor Group Holdings Inc. lifted its stake in Hyster-Yale Materials Handling by 823.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Hyster-Yale Materials Handling during the first quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its holdings in Hyster-Yale Materials Handling by 190.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,313 shares during the last quarter. NewEdge Advisors LLC grew its position in Hyster-Yale Materials Handling by 31.0% in the 1st quarter. NewEdge Advisors LLC now owns 883 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 209 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in Hyster-Yale Materials Handling by 361.0% in the 1st quarter. Clearstead Advisors LLC now owns 922 shares of the industrial products company’s stock valued at $46,000 after buying an additional 722 shares during the last quarter. Hedge funds and other institutional investors own 44.25% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently issued reports on HY. Northland Securities initiated coverage on Hyster-Yale Materials Handling in a report on Wednesday. They issued an “outperform” rating and a $80.00 target price for the company. StockNews.com raised Hyster-Yale Materials Handling from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 13th.
Hyster-Yale Materials Handling Stock Performance
Shares of Hyster-Yale Materials Handling stock traded up $0.37 on Friday, reaching $47.15. 90,050 shares of the company traded hands, compared to its average volume of 78,258. The company has a 50 day moving average of $43.20 and a 200 day moving average of $47.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.16 and a quick ratio of 0.53. Hyster-Yale Materials Handling, Inc. has a 52 week low of $24.57 and a 52 week high of $59.64. The firm has a market capitalization of $810.51 million, a PE ratio of 7.53 and a beta of 1.38.
Hyster-Yale Materials Handling Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 20.77%.
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. 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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