Bridgeway Capital Management LLC Makes New Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Bridgeway Capital Management LLC purchased a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,399 shares of the industrial products company’s stock, valued at approximately $1,497,000. Bridgeway Capital Management LLC owned approximately 0.17% of Hyster-Yale Materials Handling at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HY. Dimensional Fund Advisors LP raised its position in shares of Hyster-Yale Materials Handling by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 515,809 shares of the industrial products company’s stock valued at $26,270,000 after purchasing an additional 5,366 shares during the period. American Century Companies Inc. raised its holdings in 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. Northern Trust Corp lifted its position in Hyster-Yale Materials Handling by 5.1% during the 4th quarter. Northern Trust Corp now owns 114,787 shares of the industrial products company’s stock worth $5,846,000 after acquiring an additional 5,572 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Hyster-Yale Materials Handling by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company’s stock valued at $5,562,000 after acquiring an additional 2,446 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Hyster-Yale Materials Handling by 76.3% in the fourth quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company’s stock valued at $4,120,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Price Performance

Shares of Hyster-Yale Materials Handling stock opened at $39.80 on Friday. The firm has a fifty day moving average price of $40.93 and a two-hundred day moving average price of $49.40. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $84.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The company has a market cap of $704.34 million, a PE ratio of 4.47 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. Analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.52%. Hyster-Yale Materials Handling’s payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Thursday.

Hyster-Yale Materials Handling 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.