GSA Capital Partners LLP Purchases New Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

GSA Capital Partners LLP acquired a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,573 shares of the industrial products company’s stock, valued at approximately $866,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HY. Acadian Asset Management LLC grew its stake in shares of Hyster-Yale Materials Handling by 63.7% during the 2nd quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock worth $15,390,000 after acquiring an additional 85,906 shares during the period. American Century Companies Inc. increased its stake in shares of Hyster-Yale Materials Handling by 149.8% in the second quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock worth $10,546,000 after purchasing an additional 90,696 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Hyster-Yale Materials Handling by 298.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company’s stock valued at $8,479,000 after purchasing an additional 98,996 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Hyster-Yale Materials Handling by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,550 shares of the industrial products company’s stock valued at $8,057,000 after buying an additional 2,619 shares in the last quarter. Finally, Swedbank AB bought a new position in Hyster-Yale Materials Handling in the 1st quarter worth approximately $5,519,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HY shares. Roth Mkm dropped their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.00.

Hyster-Yale Materials Handling Stock Up 0.3 %

Shares of NYSE:HY opened at $53.17 on Friday. The company has a market cap of $930.48 million, a price-to-earnings ratio of 5.97 and a beta of 1.32. Hyster-Yale Materials Handling, Inc. has a one year low of $46.25 and a one year high of $84.44. The firm has a fifty day moving average price of $61.77 and a two-hundred day moving average price of $66.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($1.00). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. During the same period in the prior year, the business posted $2.06 EPS. Analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, November 29th. Hyster-Yale Materials Handling’s payout ratio is 15.71%.

About Hyster-Yale Materials Handling

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.