Fisher Asset Management LLC Sells 1,584 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Fisher Asset Management LLC decreased its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,873 shares of the industrial products company’s stock after selling 1,584 shares during the quarter. Fisher Asset Management LLC owned approximately 0.23% of Hyster-Yale Materials Handling worth $2,480,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Semanteon Capital Management LP purchased a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $415,000. Federated Hermes Inc. grew its stake in Hyster-Yale Materials Handling by 38.8% during the 4th quarter. Federated Hermes Inc. now owns 131,538 shares of the industrial products company’s stock worth $8,180,000 after buying an additional 36,758 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in Hyster-Yale Materials Handling by 0.8% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 21,398 shares of the industrial products company’s stock valued at $1,331,000 after buying an additional 163 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Hyster-Yale Materials Handling by 520.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,667 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 5,593 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at approximately $61,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Price Performance

NYSE:HY opened at $72.90 on Thursday. The firm has a market cap of $1.28 billion, a P/E ratio of 10.06 and a beta of 1.49. The stock has a 50 day moving average of $60.63 and a two-hundred day moving average of $58.47. Hyster-Yale Materials Handling, Inc. has a 12 month low of $38.50 and a 12 month high of $74.89. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62.

Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. On average, analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.325 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.78%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analyst Weigh In

HY has been the subject of several research reports. StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. TheStreet downgraded Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a report on Monday, March 4th.

Insider Buying and Selling

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of the sale, the insider now directly owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank F. Taplin sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.65, for a total value of $293,250.00. Following the completion of the transaction, the insider now owns 378,872 shares of the company’s stock, valued at $22,220,842.80. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by company insiders.

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.