IndexIQ Advisors LLC Cuts Position in Hyster-Yale Materials Handling Inc (HY)

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IndexIQ Advisors LLC trimmed its holdings in shares of Hyster-Yale Materials Handling Inc (NYSE:HY) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,066 shares of the industrial products company’s stock after selling 2,441 shares during the quarter. IndexIQ Advisors LLC’s holdings in Hyster-Yale Materials Handling were worth $1,863,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Matarin Capital Management LLC acquired a new stake in Hyster-Yale Materials Handling in the third quarter valued at approximately $4,949,000. Vanguard Group Inc lifted its stake in shares of Hyster-Yale Materials Handling by 9.6% during the third quarter. Vanguard Group Inc now owns 837,343 shares of the industrial products company’s stock worth $51,522,000 after buying an additional 73,639 shares during the period. Vanguard Group Inc. increased its holdings in Hyster-Yale Materials Handling by 9.6% in the third quarter. Vanguard Group Inc. now owns 837,343 shares of the industrial products company’s stock valued at $51,522,000 after buying an additional 73,639 shares in the last quarter. BlackRock Inc. increased its holdings in Hyster-Yale Materials Handling by 5.9% in the second quarter. BlackRock Inc. now owns 659,197 shares of the industrial products company’s stock valued at $42,353,000 after buying an additional 36,744 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Hyster-Yale Materials Handling by 51.5% in the fourth quarter. Fisher Asset Management LLC now owns 72,336 shares of the industrial products company’s stock valued at $4,482,000 after buying an additional 24,590 shares in the last quarter. 49.20% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on HY shares. TheStreet raised shares of Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a research note on Wednesday, October 31st. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th.

In other Hyster-Yale Materials Handling news, insider John C. Butler, Jr. purchased 424 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average cost of $63.56 per share, for a total transaction of $26,949.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Alfred M. Et Al Rankin purchased 3,431 shares of the stock in a transaction that occurred on Thursday, January 3rd. The shares were acquired at an average price of $61.82 per share, for a total transaction of $212,104.42. The disclosure for this purchase can be found here. Insiders have purchased 60,756 shares of company stock worth $3,744,405 over the last 90 days. 26.58% of the stock is currently owned by company insiders.

HY opened at $69.31 on Monday. The stock has a market cap of $1.15 billion, a P/E ratio of 24.67 and a beta of 1.07. Hyster-Yale Materials Handling Inc has a twelve month low of $55.88 and a twelve month high of $82.31. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

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Hyster-Yale Materials Handling 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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Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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