Hyster-Yale Materials Handling (NYSE:HY) Stock Rating Upgraded by StockNews.com

Hyster-Yale Materials Handling (NYSE:HY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Hyster-Yale Materials Handling Stock Performance

NYSE HY opened at $39.15 on Monday. The stock has a market capitalization of $692.75 million, a price-to-earnings ratio of 4.39 and a beta of 1.32. The business’s 50 day moving average is $42.59 and its two-hundred day moving average is $50.92. Hyster-Yale Materials Handling has a 12-month low of $34.13 and a 12-month high of $84.44. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Hyster-Yale Materials Handling by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 515,809 shares of the industrial products company’s stock worth $26,270,000 after buying an additional 5,366 shares during the period. American Century Companies Inc. grew its holdings in shares of Hyster-Yale Materials Handling by 15.8% in the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock worth $14,002,000 after acquiring an additional 37,432 shares during the period. Geode Capital Management LLC increased its stake in Hyster-Yale Materials Handling by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company’s stock valued at $16,320,000 after purchasing an additional 1,658 shares in the last quarter. ProShare Advisors LLC raised its holdings in Hyster-Yale Materials Handling by 16.0% during the fourth quarter. ProShare Advisors LLC now owns 144,433 shares of the industrial products company’s stock worth $7,356,000 after purchasing an additional 19,975 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Hyster-Yale Materials Handling by 5.1% during the fourth quarter. Northern Trust Corp now owns 114,787 shares of the industrial products company’s stock worth $5,846,000 after purchasing an additional 5,572 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale, 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.