Hyster-Yale Materials Handling (NYSE:HY) insider Theodore D. Taplin sold 1,000 shares of Hyster-Yale Materials Handling stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $68.20, for a total value of $68,200.00. Following the completion of the transaction, the insider now owns 45,472 shares of the company’s stock, valued at approximately $3,101,190.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Hyster-Yale Materials Handling opened at $67.45 on Wednesday, according to MarketBeat. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. Hyster-Yale Materials Handling has a fifty-two week low of $67.35 and a fifty-two week high of $68.51. The stock has a market cap of $1.13 billion, a PE ratio of 19.18 and a beta of 1.14.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. The company had revenue of $795.50 million for the quarter, compared to analyst estimates of $755.30 million. Hyster-Yale Materials Handling had a return on equity of 10.39% and a net margin of 1.53%. equities analysts forecast that Hyster-Yale Materials Handling will post 4.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a dividend of $0.31 per share. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.24 annualized dividend and a yield of 1.84%. Hyster-Yale Materials Handling’s payout ratio is 29.80%.
HY has been the subject of several recent research reports. ValuEngine upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Saturday, March 17th. Robert W. Baird cut Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 price objective for the company. in a research note on Friday, March 2nd. Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a research note on Tuesday, January 23rd. TheStreet cut Hyster-Yale Materials Handling from a “b” rating to a “c+” rating in a research note on Friday, March 9th. Finally, Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $71.33.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spark Investment Management LLC increased its position in Hyster-Yale Materials Handling by 3.6% during the fourth quarter. Spark Investment Management LLC now owns 49,100 shares of the industrial products company’s stock worth $4,181,000 after buying an additional 1,700 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Hyster-Yale Materials Handling by 17.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 52,295 shares of the industrial products company’s stock worth $4,454,000 after buying an additional 7,647 shares during the period. AXA increased its position in Hyster-Yale Materials Handling by 17.9% during the fourth quarter. AXA now owns 64,669 shares of the industrial products company’s stock worth $5,507,000 after buying an additional 9,839 shares during the period. Globeflex Capital L P acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth approximately $321,000. Finally, Bogle Investment Management L P DE acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth approximately $490,000. 54.13% of the stock is currently owned by institutional investors.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
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