StockNews.com Downgrades Hyster-Yale Materials Handling (NYSE:HY) to Hold

StockNews.com downgraded shares of Hyster-Yale Materials Handling (NYSE:HY) from a buy rating to a hold rating in a research report report published on Thursday morning.

Hyster-Yale Materials Handling Trading Up 4.6 %

HY opened at $40.45 on Thursday. 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 stock has a market capitalization of $715.77 million, a PE ratio of 4.54 and a beta of 1.49. Hyster-Yale Materials Handling has a 12-month low of $34.13 and a 12-month high of $84.44. The firm’s fifty day moving average price is $41.02 and its 200 day moving average price is $49.70.

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

Hyster-Yale Materials Handling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.46%. Hyster-Yale Materials Handling’s payout ratio is 17.37%.

Institutional Trading of Hyster-Yale Materials Handling

Several large investors have recently modified their holdings of HY. A&I Financial Services LLC bought a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at $492,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Hyster-Yale Materials Handling during the fourth quarter worth approximately $321,000. Empowered Funds LLC bought a new position in Hyster-Yale Materials Handling in the fourth quarter valued at about $1,243,000. Raymond James Financial Inc. bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter valued at $417,000. Finally, Barclays PLC boosted its position in shares of Hyster-Yale Materials Handling by 19.0% during the third quarter. Barclays PLC now owns 26,492 shares of the industrial products company’s stock worth $1,690,000 after purchasing an additional 4,226 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

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.