Hyster-Yale Materials Handling (NYSE:HY) Hits New 1-Year Low – Here’s Why

Hyster-Yale Materials Handling, Inc. (NYSE:HY) shares hit a new 52-week low during trading on Friday . The company traded as low as $42.11 and last traded at $42.16, with a volume of 18034 shares. The stock had previously closed at $44.46.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Hyster-Yale Materials Handling Trading Down 5.7 %

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 firm’s fifty day moving average is $49.92 and its two-hundred day moving average is $55.03. The firm has a market capitalization of $741.72 million, a PE ratio of 4.70 and a beta of 1.27.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s payout ratio is 17.37%.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Institutional investors have recently added to or reduced their stakes in the stock. Scotia Capital Inc. boosted its stake in Hyster-Yale Materials Handling by 0.7% in the fourth quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company’s stock valued at $1,623,000 after acquiring an additional 223 shares during the last quarter. Isthmus Partners LLC lifted its stake in Hyster-Yale Materials Handling by 0.5% in the fourth quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company’s stock valued at $2,403,000 after purchasing an additional 238 shares during the last quarter. US Bancorp DE lifted its stake in Hyster-Yale Materials Handling by 29.1% in the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 389 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Hyster-Yale Materials Handling by 17.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock worth $154,000 after buying an additional 448 shares during the last quarter. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of Hyster-Yale Materials Handling in the third quarter valued at $32,000. 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.